Oddo BHF maintains its 'neutral' rating on ABB shares, with its target price raised from CHF 43 to 47.

The analyst anticipates 'a good Q2', with sustained demand in the datacenter and utilities segments, a gradual recovery in some short-cycle activities, and still a marked decline in demand for discrete automation.

Our forecasts are fairly close to those of the consensus," says the broker, who adds that he has revised his estimates upwards (EPS 2024 & 2025 +1.7%), taking into account the continuing buoyancy of the Electrification division.

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