Bright Horizons price target lowered to $80 from $92 at BMO Capital

BMO Capital lowered the firm’s price target on Bright Horizons to $80 from $92 and keeps a Market Perform rating on the shares. While the company reported an earnings beat, the management also narrowed its Fy23 revenue guidance, implying lower than expected Q4 results, the analyst tells investors in a research note. The firm expects consensus estimates on Bright Horizons to decline.