ABM Industries: Good Execution, Attractive Valuation Makes Me Positive On The Stock (Rating Upgrade)
ABMABM Industries(ABM) seekingalpha.com·2024-05-21 01:04
blackred Investment Thesis I last covered ABM Industries Incorporated (NYSE:ABM) in November 2023 with a neutral rating as I was concerned about the slowdown in the commercial office end market. However, the company is executing well and despite the macro headwind related to commercial office space market impacting its largest B&I segment, it was able to post Y/Y growth by outperforming the B&I end market and posting good growth in the remaining segments. Looking forward, I expect the healthy growth in  ...