Baird Maintains Neutral on ABM Indus, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Andrew Wittmann maintains a Neutral rating on ABM Industries (NYSE:ABM) and lowers the price target from $49 to $48.

March 08, 2024 | 12:30 pm
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NEUTRAL IMPACT
Baird analyst Andrew Wittmann maintains a Neutral rating on ABM Industries and lowers the price target from $49 to $48.
The adjustment in price target by Baird reflects a slight negative sentiment towards ABM Industries' stock value in the short term. However, maintaining a Neutral rating indicates that the analyst does not foresee significant downside or upside, suggesting a stable outlook. The change in price target is relatively minor, indicating that the fundamentals of the company might not have significantly changed. Investors might see this as a minor adjustment rather than a major shift in the company's valuation or prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90