Truist Securities Maintains Hold on ABM Indus, Raises Price Target to $49
Truist Securities analyst Jasper Bibb maintains ABM Indus (NYSE:ABM) with a Hold and raises the price target from $45 to $49.
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Stocks in focus: UNFI and ABM earnings, Novartis trial miss, Co-Diagnostics CFO change, and Casey’s earnings expected.
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Truist Securities analyst Jasper Bibb maintains ABM Indus (NYSE:ABM) with a Hold and raises the price target from $45 to $49.
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Casey's General Stores stock has fallen 30% from its June all-time high, driven by disappointing earnings guidance, slowing inside sales growth, and concerns about consumer financial stress. However, the author views this as a buying opportunity, as the company's valuation has normalized from 50x to 31x earnings. With a strong acquisition strategy, 25 years of same-store sales growth, and plans to add 400+ stores by 2029, Casey's remains well-positioned for long-term growth despite near-term headwinds.