BofA Lifts ABB 2027-28 Revenue Forecast but Cuts Price Target
BofA says a higher rebasing in ABB orders suggests faster sales growth than consensus expects, raising its 2027 revenue forecast by 0.8% and 2028 by 3.5% while trimming 2026 and adjusting EPS assumptions. It still cut its ABB price objective from 86 to 81 francs after lowering its valuation multiple, citing broader peer re-rating, and kept a neutral rating.