Truist Securities Maintains Hold on ABM Indus, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jasper Bibb has maintained a Hold rating on ABM Industries (NYSE:ABM) and increased the price target from $43 to $53.
December 14, 2023 | 6:08 pm
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POSITIVE IMPACT
Truist Securities analyst Jasper Bibb reaffirmed a Hold rating on ABM Industries but raised the price target from $43 to $53, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests that the analyst sees more value in ABM Industries than previously estimated, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum or catalysts that would lead to a strong buy recommendation at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100