Deutsche Bank Raises ABB Target to CHF68

Deutsche Bank upgraded ABB Ltd to “hold” from “sell” and lifted target price to CHF68 from CHF58.
Upgrade driven by sustained electrification demand, especially from datacenter and grid markets, aligning ABB’s growth with peers.
Analyst noted ABB’s strong balance sheet enabling potential M&A or buyback opportunities despite valuation concerns.
FY2026 guidance seen as conservative; backlog covers low‑end of growth range with upside from book‑and‑bill businesses.