ABM Industries Stock Drops After Earnings, UBS Downgrade
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Sabato
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ABM Industries stock drops 3.1% following weaker-than-expected earnings, UBS downgrades to Neutral. Despite beating analyst estimates for organic revenue and EBITDA, market sentiment remains cautious due to cash flow pressures and a new ERP system transition. The stock is down 18.6% year-to-date, trading at $41.63 per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
