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Hold ABB, target of Rs 810: Bonanza
Posted on: July 1st, 2009 and is filed under Brokerage Recommendations.
Bonanza has recommended a hold rating on ABB, with price target of Rs 810, in its report dated June 22, 2009.
“ABB is likely to see marginal dips in results in CY 2009, due to weak economic sentiments in later part of 2008, impacting order inflows. It is expected to report an EPS of Rs 20.2 in CY 2009, at CMP Rs 745 it trades at 35 forward PE. In CY 2010, it is expect to report an EPS of Rs 27. Long term investors can ‘HOLD’. Fresh entries can be made on sharp corrections, near Rs 650 levels i.e. 30 PE on CY 2009 basis, for a target of Rs 810,” says Bonanza’s report.
source: Moneycontrol
Tags: abb stock tips, brokerage stock tips, buy sell hold abb, nse bse stock market tips
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