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Brightview Holdings’ Margin Strategy Hints At Strong Revenue Headwinds Ahead, Says Bearish Analyst

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Brightview Holdings Inc (NYSE: BV) shares were down on Thursday, after adding more than 22% over the past month.

Although the company’s efforts to weed out unprofitable and low-margin contracts will help margin recovery, its EBITDA margins could remain below the pre-COVID pandemic levels over the next three years, according to Goldman Sachs.

The Brightview Holdings Analyst: George Tong downgraded the rating for Brightview Holdings from Neutral to Sell, while raising the price target from $8 to $10.

The Brightview Holdings Thesis: The company’s strategy to exit uneconomical contracts …

Full story available on Benzinga.com

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