Baird Upgrades BrightView Holdings (BV) to Outperform

Baird analyst Andrew Wittmann upgraded BrightView Holdings (NYSE: BV) from Neutral to Outperform with a price target of $17.00 (from $13.00).

The analyst comments: "Better late than never, we believe risk/reward screens more favorably with an improved strategy, and early signs of improved execution building our confidence. Management's talk of mid-teens EBITDA margins and mid-single-digit organic growth are not required to drive attractive upside. BV's discounted multiple should re-rate higher if early signs of positive execution continue. Still a competitive business requiring operational prowess, to be fair, but past underperformance offers plenty of fertilizer for future growth. This is not a call on the quarter, rather on recent underperformance to R2K."

For an analyst ratings summary and ratings history on BrightView Holdings click here. For more ratings news on BrightView Holdings click here.

Shares of BrightView Holdings closed at $13.44 yesterday.

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