Morgan Stanley lowered the firm’s price target on Bright Horizons (BFAM) to $102 from $108 and keeps an Underweight rating on the shares. With potential for improving consumer credit and rebounding capital markets in 2025, the firm says it prefers Business and Education Services stocks where it expects accelerating growth not yet reflected in valuation.
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Read More on BFAM:
- Bright Horizons price target lowered to $128 from $140 at Deutsche Bank
- Bright Horizons upgraded to Outperform from Neutral at Baird
- Bright Horizons upgraded to Outperform from Market Perform at BMO Capital
- Bright Horizons price target raised to $108 from $100 at Morgan Stanley
- Bright Horizons price target raised to $140 from $131 at Baird