UPDATE: Imperial Capital Raises PT on ABM Industries to $26.50

Imperial Capital raises its price target on ABM Industries ABM and maintains its Outperform rating on the company in a research report out today. In the report, Imperial Capital writes, " We are maintaining our estimates and anticipate improving growth across the company's business segments. We are raising our one-year price target to $26.50 from $25 based on stronger estimated free cash flow due to lower expected capital expenditures and cash taxes." Shares of ABM Industries are currently trading at $22.26, down 2.33% from yesterday's close.