Benzinga | Jan 19, 2022 10:14AM EST

RBC Capital Upgrades This Multinational Corporation

* RBC Capital analyst Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) to Outperform from Sector Perform with a price target of CHF 41, up from CHF 30.

* The "leaner" company is in "far better position" to capture value in the electrification of transport and in the automation of industries, mentions the analyst.

* Kuenne adds that while Q4 will be "tough" for ABB, he is optimistic about the stock offering a "buying opportunity."

* Price Action: ABB shares traded higher by 1.79% at $37.28 on the last check Wednesday.