Truist initiated coverage of ABM with a Hold rating and $43 price target. Headwinds from lower office utilization could pose a risk to FY25 estimates if weaker demand trends do not stabilize over the next 12 months, the analyst tells investors in a research note. The firm could get more constructive with improved office trends and/or increased capital returns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ABM: