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Article: ABB Now a Hold - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- July 20, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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ABB Now a Hold - Analyst Blog
Visibility for
Asea Brown Boveri
(
ABB
) for the remainder of 2009 remains limited. Significant uncertainty remains surrounding the key demand drivers for the company’s products and systems. The business environment in March improved, but it is too early to say whether this indicates that the worst is over.
In addition, the year-on-year comparison of results in the second quarter of 2009 will be particularly challenging because of the very high levels of growth and earnings reported in the prior-year period.
The need for power transmission infrastructure in all regions – both equipment replacement and new transmission projects ...