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Why ABM Industries Topped the Market Today
The Motley Foolยท 2025-06-09 22:32
Group 1 - ABM Industries' stock rose over 3.5% following two analyst upgrades, outperforming the S&P 500 index which remained flat [1] - The company reported a minor revenue beat but slightly missed profitability estimates in its Q2 fiscal 2025 earnings [2][4] - Initial investor reaction to the earnings report was negative, leading to a sell-off of ABM shares [4] Group 2 - Analyst Andrew Wittman from Baird upgraded ABM's recommendation to outperform with a price target of $56, citing the unjustified sell-off and attractive pricing [5] - UBS analyst Joshua Chan also upgraded ABM to buy with a price target of $50, encouraged by renewed growth in the company's core business and industry segment [6]