Morgan Stanley lowered the firm’s price target on Bright Horizons (BFAM) to $96 from $104 and keeps an Underweight rating on the shares. In a year where enrollment has “largely underwhelmed,” the firm expects enrollment to be the focus again in Q3, the analyst tells investors in a preview for its daycare group coverage.
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Read More on BFAM:
- Bright Horizons price target lowered to $112 from $138 at UBS
- Cautious Outlook on Bright Horizons: Balancing Strong Backup Care Growth with Enrollment Concerns
- Bright Horizons added to Analyst Focus List at JPMorgan
- Bright Horizons: Untapped Market Potential and Strategic Positioning Drive Buy Rating