PINL:ABBNY - Post by User
Post by
scissors14on Jul 24, 2006 10:48am
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Post# 11137346
ABB Upped to Buy at Deutsche Bank
ABB Upped to Buy at Deutsche BankABB Upped to Buy at Deutsche Bank
6/22/2006
Deutsche Bank upgraded Swiss-Swedish engineering group ABB (NYSE:ABB) to buy from hold, citing valuation. Deutsche Bank said ABB shares have fallen 21% since April, but its end markets show no sign of slowing. "Infrastructure orders, peer group commentary and macro data suggest current growth should continue. China fixed asset investment and U.S. power infrastructure markets continue to give positive signals in the second quarter," Deutsche Bank said. "The end markets are better than equity market volatility suggests." Power Air Corporation (OTC BB: PWAC) recently announced that it has entered into a Collaboration Agreement with Schrader Bridgeport International to commercialize a zero-emission, back-up power generator suitable for indoor and outdoor use and powered by Power Air's Zinc Air Fuel Cell (ZAFC) technology. For the full StocksJournal report for Power Air, go to www.stocksjournal.com.
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