Citi downgraded ABB (ABBNY) to Neutral from Buy with an unchanged price target of CHF 76. The firm cites valuation for the downgrade with the shares near all-time highs. Citi sees the ABB as fully valued at current levels.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABBNY: