Morgan Stanley Maintains Equal-Weight on BrightView Hldgs, Lowers Price Target to $12.5
Morgan Stanley analyst Toni Kaplan maintains BrightView Hldgs (NYSE:BV) with a Equal-Weight and lowers the price target from $14 to $12.5.
Stocks · News reference
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Morgan Stanley analyst Toni Kaplan maintains BrightView Hldgs (NYSE:BV) with a Equal-Weight and lowers the price target from $14 to $12.5.
BrightView Holdings stock plummeted 19.21% after the company missed analyst estimates on both revenue and profitability in Q3, despite raising full-year revenue guidance. Revenue came in at $717.6 million (vs. $726M estimate) with adjusted net profit falling 44% to $0.17 per share (vs. $0.29 estimate). The company blamed increased insurance reserves and fuel costs, but also cut adjusted EBITDA guidance to $340-345 million from $363-377 million.
BrightView Hldgs (NYSE:BV) narrows FY2026 sales outlook from $2.745 billion-$2.795 billion to $2.750 billion-$2.780 billion vs $2.774 billion estimate.