Baird Downgrades ABM Industries (ABM) to Neutral

Baird analyst Andrew Wittmann downgraded ABM Industries (NYSE: ABM) from Outperform to Neutral with a price target of $54.00 (from $56.00).

The analyst comments: "Our upgrade last quarter cited good top-line momentum in ABM's core annuity businesses, always essential, and the first real improvement since COVID. FCF was also set to materially improve (it did). We thought margins were improving, and we expected positive earnings revisions. However, F3Q25 results showed ABM adjusting prices to hold off competition in several large markets where weak demands persists (LA, Minneapolis, Portland, etc.). This could take time to rectify and reverses our prior positive thesis. New restructuring program helps near term, but doesn't address fundamental demand."

For an analyst ratings summary and ratings history on ABM Industries click here. For more ratings news on ABM Industries click here.

Shares of ABM Industries closed at $48.26 yesterday.

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