Zacks Investment Research downgraded shares of ABB LTD-ADR (ABB) from NEUTRAL to UNDERPERFORM on July 30, 2012, with a target price of $16.50.
ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa
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