Bright Horizons price target lowered to $128 from $140 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Bright Horizons (BFAM) to $128 from $140 and keeps a Hold rating on the shares. The macro environment is expected to be favorable versus prior expectations in 2025 for the business and information services sector, the analyst tells investors in a research note. The firm says that while re-inflation is a risk, and yields have backed up, it remains optimistic with respect to the ability of business and info services companies to navigate challenges. Additionally, many companies have de-levered to reasonable levels over the last two years and free cash flow conversion is set to improve, setting up for higher cash return for shareholders, contends Deutsche Bank.