Baird upgraded ABM (ABM) to Outperform from Neutral with an unchanged price target of $56. The firm says Friday’s sharp negative reaction to the fiscal Q2 report presents an opportunity. Baird “had no qualms with the print” and even managed to raise estimates very slightly. ABM’s organic growth rates improved quarter-over-quarter, and its margins were held back a little on timing and accounting/mix, which offers a benefit to the future, the analyst tells investors in a research note. Baird sees a buying opportunity after the selloff.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABM:
- Positive Outlook for ABM Industries: Buy Rating Despite Market Reaction
- ABM Industries’ Earnings Call: Record Growth Amid Challenges
- ABM Industries Reports Steady Growth in Q2 2025
- ABM Industries: Hold Rating Amid ERP Challenges and Fiscal 2025 EPS Concerns
- U.S. payrolls rise 139,000, Broadcom reports Q2 beat: Morning Buzz