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Motilal Oswal Financial Services has come out with a research report on ABB's Q3CY09 earnings. The research firm has maintained neutral rating on the stock.
"Post results of ABB we have revised our earnings downward by 11.1% for CY09 to factor in lower revenue growth and EBITDA margin. Now we expect ABB to report earnings of Rs 19.8 in CY09 (down 21.2% YoY) and Rs 28.2 (up 42.5% YoY) in CY10. We arrive at target price of Rs 790 based on PER multiple of 28x CY10. Maintain neutral", says Motilal Oswal Financial Services.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment.........
Attachments : ABB.pdf |
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