Why ABM Industries Stock Sagged by Almost 10% Today
Source: Motley Fool
2025-12-18 20:11:13 ET
Dividend King ABM Industries (NYSE: ABM) wasn't looking so regal on Thursday. Following two bearish post-earnings analyst moves, investors aggressively sold the stock, resulting in a nearly 10% decline in value.
Baird's Andrew Wittmann downgraded his recommendation on ABM. He now feels the industrial services company is a neutral, rather than a buy. He also reduced his price target to $51 per share from $55.
Image source: Getty Images.
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