BUZZ-Weak PMIs, China to hit European capital goods in H2 - JPM ** J.P.Morgan stays cautious on European capital goods, citing a slowing trajectory in H2 of the year due to weak PMIs and lacklustre Chinese economy ** The broker says lower PMIs will reflect into order numbers, and more challenging China than expected has contributed to a weaker tone than earlier in the year ** JPM believes the sector is still attractive over long-term with a chance for improved performance at some point, but it e
BUZZ-Vontobel sees value from Swiss spin-offs ahead of Sandoz separation ** With spin-off activity high so far this year, Vontobel notes Swiss spin-offs have historically unlocked value for shareholders but is cautious about transactions globally ** "The two most recent and largest spin-offs in Switzerland have been successful, but globally only ha
BUZZ-Jefferies cautiously upbeat on Aussie Broadband, reduces rating ** Analysts at Jefferies continue to see Aussie Broadband ABB.AX stock as fully priced, reduces rating to "hold" ** "We apply a 3.5% terminal growth rate in our discounted cash flow...With ABB trading at A$4.15, this implies-10% downside, leading to a Hold rating" - Jefferies ** B
FACTBOX-More automakers plug into Tesla's EV charging network Adds Jaguar adopting NACS Sept 21 (Reuters) - More automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla's plug if they want to be eligible for federal funds.
UPDATE 1-ABB invests $280 mln in new robotics factory in Sweden Recasts with CEO comments By John Revill ZURICH, Sept 13 (Reuters) - ABB ABBN.S is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and technology group said on Wednesday, to meet growing demand from customers moving back production from Asia to avoid supply chain log-jams.
