BMO Capital Maintains Market Perform Rating for Bright Horizons Family: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Bright Horizons Family Solutions Inc (NYSE:BFAM) and increased its price target from $90.00 to $92.00. Despite this, the current share price of $105.83 indicates a potential decline of 13.07% if it were to adjust to the new target. Bright Horizons provides education and care solutions, with the majority of its revenue coming from full-service center-based child care.
February 15, 2024 | 5:00 pm
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BMO Capital maintains Market Perform rating for BFAM, raising price target from $90 to $92, despite shares trading at $105.83.
The adjustment in price target by BMO Capital, despite being an increase, still suggests a significant potential decline from the current trading price. This indicates a bearish outlook for the short term, especially considering the stock is currently trading above the new target price. The analyst's rating and target adjustment are critical factors that investors often consider, potentially influencing the stock's short-term performance.
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