Bright Horizons upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Bright Horizons to Overweight from Equal Weight with a price target of $125, up from $100. The analyst says there is now a clearer path to $5 per share in earnings for Bright Horizons, but duration is still unclear. Given the company’s long-only and mostly supportive investor base, “patience is not in any shortage,” the analyst tells investors in a research note. The firm believes there could be upside risk too if the $5 per share is achieved earlier than 2027.