ABB India: Brokerages cut target post Q4; Nomura downgrades to 'Reduce'

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ABB India: Brokerages cut target post Q4; Nomura downgrades to 'Reduce' - Business Standard

Quick Summary:

The company’s Motion (MO) and Process Automation (PA) segments were particularly impacted, with Y-o-Y declines of 30 per cent and 18 per cent, respectively.

That said, while ABB India delivered solid operational performance in Q4CY24, concerns about the slowdown in order inflows and the uncertainty surrounding public and private capex have led brokerages like Nomura to downgrade their ratings.

Despite lowering its CY25E/26E EPS by 4 per cent and 8 per cent, Nuvama kept its ‘Buy’ rating with a target price of Rs 6,650, down from Rs 8,900.