ABM price target lowered to $45 from $51 at UBS
UBS analyst Joshua Chan lowered the firm’s price target on ABM (ABM) to $45 from $51 and keeps a Neutral rating on the shares after the company reported a fiscal Q1 EBITDA shortfall attributed to weather/mix impacting the Technical Solutions business. While valuation does not look “overly demanding,” and growth has been “solid,” the firm stays on sidelines as the margin outlook remains “choppy,” the analyst tells investors.
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Read More on ABM:
- ABM Industries: Solid Revenue but Margin Pressure and Macro Uncertainty Justify Hold Rating
- Midday Fly By: HP Enterprise reports Q1 beat, BioNTech announces new company
- ABM Industries Reports Q1 Results, Reaffirms 2026 Outlook
- ABM reports Q1 adjusted EPS 83c, consensus 87c
- ABM still sees FY26 adjusted EPS $3.85-$4.15, consensus $3.99
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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