KeyBanc Upgrades ABM Industries (ABM) to Buy

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.

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