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.