ABM Industries (ABM) Still Has An Attractive Upside Despite Truist Downgrade

ABM Industries Incorporated (NYSE:ABM) is one of the 10 most undervalued industrial stocks to buy according to analysts. On January 21, Truist Securities downgraded ABM Industries (NYSE:ABM) stock to Hold from Buy, lowering its target price from 58to58 to 47. The main reason for the downgrade was a normalizing of trends in the Business & Industry segment, which represents 47% of the company’s revenue. Moreover, stock buybacks, which were expected to be the biggest value creation factor this year, are also un ...

ABM Industries (ABM) Still Has An Attractive Upside Despite Truist Downgrade - Reportify