Kepler Upgrade Drives ABB Shares Higher, Cites Underappreciated Earnings Potential
Shares of ABB Ltd rose after Kepler Cheuvreux upgraded the Swiss engineering group to Buy from Hold and increased its price target to 70 Swiss francs from 56. The broker argued ABB's recent restructuring and alignment with electrification and automation markets have improved revenue and earnings visibility, prompting higher medium-term forecasts an…