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Stock impact report

ABM Industries (ABM) Still Has An Attractive Upside Despite Truist Downgrade [Yahoo! Finance]

ABM Industries Incorporated (ABM) 
Last abm industries incorporated earnings: 3/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.abm.com/investor-relations
Company Research Source: Yahoo! Finance
Securities downgraded ABM Industries (NYSE:ABM) stock to Hold from Buy, lowering its target price from $58 to $47. The main reason for the downgrade was a normalizing of trends in the Business & Industry segment, which represents 47% of the company's revenue. Moreover, stock buybacks, which were expected to be the biggest value creation factor this year, are also unlikely following the WGNSTAR acquisition. A similar sentiment was observed last month, when UBS lowered its price target for the stock from $55 to $51 on December 18. Joshua Chan, an analyst at UBS, also downgraded the company from Buy to a Hold rating. According to the firm, the stock's short-term performance may be constrained by the company's limited flexibility for incremental capital deployment and relatively “flattish” margin trajectory. The firm further highlighted that ABM's FY2026 guidance, along with its announcement of the WGNSTAR acquisition, limits both margin expansion and capital deployment potential. On th Show less Read more
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