Morgan Stanley Maintains Underweight on Bright Horizons Family, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Toni Kaplan maintains an Underweight rating on Bright Horizons Family (NYSE:BFAM) and raises the price target from $61 to $64.
August 04, 2023 | 11:25 am
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Morgan Stanley maintains an Underweight rating on Bright Horizons Family (BFAM) and raises the price target from $61 to $64.
The Underweight rating maintained by Morgan Stanley suggests that they believe the stock will underperform the market in the future. However, the increase in price target from $61 to $64 indicates a slightly more positive outlook on the stock's value. This mixed signal could lead to uncertainty and potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100