Swiss industrial conglomerate ABB (NYSE:ABB) is a bit unusual in that several well-known investment banks have underperform/sell ratings on the stock. Suffice it to say, it was more than a little interesting to read what they had to say when ABB delivered another strong quarter of performance, punctuated by good order growth in both the U.S. and China. While there are certainly several things that could go wrong for ABB in 2013/14, I believe this company remains an underrated and under-appreciated play on strong emerging market growth and possibly the re-industrialization of the United States.
Not A Great Quarter, But Better Than Expected
To be fair to the bearish analysts, it wasn't as though ABB delivered a blockbuster...
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