Industrial giant ABB (ABB -0.4%) is increasingly reliant on its automation business, which helps...

|About: ABB LTD. (ABB)|By:, SA News Editor

Industrial giant ABB (ABB -0.4%) is increasingly reliant on its automation business, which helps power companies and others become more efficient, but a global slowdown could pinch near-term profits, Deutsche Bank says in cutting its stock rating to Hold from Buy and calling optimism about power transmission and distribution markets "premature."