ABB: Weakness in Europe and China Could Weigh

Industrial giant ABB (ABB) is increasingly reliant on its Automation business, which helps power companies, among others, become more efficient. But a global slowdown could pinch profits in the near-term, argues Deutsche Bank analyst Martin Wilkie. “While we think ABB’s M&A-driven tilt towards higher Automation exposure is a medium-term positive, there’s no escaping that industrial [...]