Bright Horizons Family Solutions (BFAM) shares fell sharply by 7.12% during pre-market trading on Friday, following a series of negative analyst actions.
The decline comes after Morgan Stanley reaffirmed its Sell rating on the stock and cut its price target to $70 from $93, while Jefferies also reduced its target price to $90 from $105. These downward revisions reflect growing analyst caution regarding the company's outlook.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.