Deutsche Bank Downgrades ABM Indus to Hold, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Faiza Alwy has downgraded ABM Industries (NYSE:ABM) from Buy to Hold and lowered the price target from $65 to $43.
September 08, 2023 | 11:52 am
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ABM Industries has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $43.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock. The lowered price target from $65 to $43 suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100