BrightView price target lowered to $20 from $21 at Loop Capital

Loop Capital lowered the firm’s price target on BrightView (BV) to $20 from $21 and keeps a Buy rating on the shares. The firm has narrowed its FY25 EBITDA guidance at the midpoint to $348M-$362M from $345M-$365, although there were significant changes to the underlying revenue and margin assumptions, the analyst tells investors in a research note. Loop adds however that it was encouraged there has been no cracks in its “One BrightView” strategic initiatives and continues to believe the company still has a long runway of low-hanging opportunities to drive above market profitable growth and margin expansion over the coming years.