The Latest Analyst Ratings for ABM Indus
Portfolio Pulse from Benzinga Insights
ABM Industries (NYSE:ABM) has received 5 analyst ratings in the last quarter, with an average price target of $43.2, representing an implied upside from the current price of $39.99. The ratings are predominantly indifferent, with 4 out of 5 analysts giving neutral ratings and only 1 somewhat bullish. This average price target is a 20.73% decrease from the previous target of $54.50. Analysts base their ratings on financial predictions and company performance.
November 13, 2023 | 2:00 pm
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NEUTRAL IMPACT
ABM Industries has an average analyst price target of $43.2, down from $54.50, with a predominantly neutral outlook from analysts.
The average price target for ABM Industries has been lowered, indicating analysts have revised their expectations for the company's future performance. However, the majority of ratings are neutral, suggesting no strong consensus on significant short-term price movement. The importance is high as price targets are a key factor in investment decisions, but not at the maximum because the ratings are mostly indifferent. The confidence level is high due to the clear data provided on analyst ratings and price targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100