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UPDATE: Jefferies Initiates ABM Industries at Buy on Expected Realignment Benefits

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In a report published on Wednesday, Jefferies analyst Dan Dolev initiated coverage on ABM Industries (NYSE: ABM)  at Buy with a price target of $28.

In the report, Jefferies noted, "Over the next 12-24 months we expect rising healthcare costs to boost roll-ups with vertical expansion and lower commercial vacancy rates to drive growth. Longer-term, ABM's transition into an integrated facility solutions provider will help it grow share in the $110-120bn US building services market."

ABM Industries closed on Wednesday at $23.90.

Latest Ratings for ABM

DateFirmActionFromTo
Jun 2020KeyBancMaintainsOverweight
Jun 2020BairdMaintainsNeutral
May 2020Sidoti & Co.DowngradesBuyNeutral

View More Analyst Ratings for ABM
View the Latest Analyst Ratings

 

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Posted-In: Dan Dolev JefferiesAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
FSRMorgan StanleyMaintains40.0
NATJefferiesMaintains2.8
MEDDA DavidsonMaintains302.0
VICRBWS FinancialMaintains120.0
PSXMizuhoMaintains96.0
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