Morgan Stanley Maintains Underweight on Bright Horizons Family, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Toni Kaplan maintains an Underweight rating on Bright Horizons Family Solutions (NYSE:BFAM) but raises the price target from $92 to $100.
September 11, 2024 | 12:29 pm
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Morgan Stanley maintains an Underweight rating on Bright Horizons Family Solutions but increases the price target from $92 to $100, indicating a slightly more positive outlook despite the cautious rating.
The Underweight rating suggests a cautious stance, typically indicating that the stock is expected to underperform. However, the raised price target from $92 to $100 suggests a slightly improved outlook. This mixed signal may lead to neutral short-term price movement as investors weigh the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100