ROK - ABB Has To Deliver Against Higher Expectations
The hiring of Bjorn Rosengren as ABB’s (ABB) CEO has gone over well with analysts and investors, helping spur about 15% of relative outperformance for the shares since that announcement, but there’s a lot of work still to be done. ABB most definitely has areas of strength (drives, robots, et al), but it also has a lot of issues that need to be addressed, including sub-scale share in a wide range of markets, weak margins in several segments, and a long history of lackluster performance. The potential is there, but potential has