Nomura has downgraded ABB India to Reduce, slashing its target price to ₹4,970 per share. The decision comes after the company’s order inflows missed estimates by 24%, raising concerns over a potential slowdown in ordering momentum in the near term.
While ABB delivered strong operational performance in Q4CY24, Nomura has cut its CY25/CY26 EPS estimates by 7% and 15%, respectively. The brokerage believes that the combination of a weaker order pipeline and potential margin pressure could weigh on the stock in the coming quarters.
Despite ABB’s leadership in electrification and automation, Nomura remains cautious on near-term growth prospects, expecting order inflows to moderate in the industrial capex cycle.
