BTIG analyst Carl Reichardt initiated coverage of BrightView (BV) with a Buy rating and $22 price target The company operates in a highly fragmented $113B industry with a significant recurring revenue component, while its new CEO has led a significant business turnaround over the past year, stripping costs, integrating sales and operations, and investing in people and equipment, the analyst tells investors in a research note. BTIG adds that it anticipates BrightView’s FY25 to begin to pivot to business expansion, with revenue growth for the first time since FY22, a declining expense ratio for the first time since FY21, and the highest EBITDA margin since FY19.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BV:
- BrightView price target raised to $20 from $18 at Loop Capital
- BrightView upgraded to Outperform from Market Perform at William Blair
- Brightview Holdings Faces ESG Challenges Amid Regulatory Scrutiny and Market Sentiment
- BrightView Reports Record Earnings and Optimistic Outlook
- BrightView price target raised to $12.90 from $11.30 at Goldman Sachs
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue