KeyBanc Upgrades ABM Industries (ABM) to Buy
Get Alerts ABM Hot Sheet
Price: $44.32 +1.19%
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
4 Buy, 8 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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KeyBanc upgraded ABM Industries (NYSE: ABM) from Hold to Buy with a price target of $25.00.
The firm comments, "Conservative investor expectations, dissipating headwinds in FY13 and a nascent recovery in ABM Industries Incorporated's (ABM-NYSE) core office vertical should position the shares for upside; recent deal activity should bolster FY13 by about $0.04-$0.07; upgrading the shares to BUY and introducing a $25 price target due to a favorable risk/reward profile."
For an analyst ratings summary and ratings history on ABM Industries click here. For more ratings news on ABM Industries click here.
Shares of ABM Industries closed at $20.15 yesterday.
The firm comments, "Conservative investor expectations, dissipating headwinds in FY13 and a nascent recovery in ABM Industries Incorporated's (ABM-NYSE) core office vertical should position the shares for upside; recent deal activity should bolster FY13 by about $0.04-$0.07; upgrading the shares to BUY and introducing a $25 price target due to a favorable risk/reward profile."
For an analyst ratings summary and ratings history on ABM Industries click here. For more ratings news on ABM Industries click here.
Shares of ABM Industries closed at $20.15 yesterday.
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