Imperial Capital Reiterates In-Line, Raises PT On ABM Industries On 1Q15 Results

In a report published Thursday, Imperial Capital analyst Jeff Kessler reiterated an In-Line rating on

, and raised the price target from $29.00 to $33.00. In the report, Imperial Capital noted, "We are maintaining our In-Line rating and raising our one-year price target to $33 from $29, about 12% above the recent share price. We expect continued stable growth for the company and overall margin expansion, and believe that ABM shares offer reasonable risk-reward at recent levels. Given this, we are raising our price target to $33 from $29. We are also increasing our FY15E EPS to $1.80 from $1.72, and our FY16E EPS to $1.91 from $1.80." ABM Industries closed on Wednesday at $29.37.