UPDATE: JP Morgan Initiates Bright Horizons at Neutral on Valuation

JP Morgan initiated Bright Horizons BFAM with a Neutral rating and a $30.00 price target. JP Morgan commented, "We are initiating coverage of Bright Horizons (BFAM) with a Neutral rating based on valuation. Bright Horizons is the largest provider of employer-sponsored child care in the US. With an attractive mix of organic revenue growth and an impressive track record of tuck-in acquisitions, BFAM appears well positioned to capture growth opportunities in employer-sponsored child care. … While we like BFAM's positioning in the employer-sponsored child care segment, we believe the current valuation fairly reflects BFAM's growth prospects. We would look for a stock pullback to add to positions." Bright Horizons closed at $28.35 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationAnalyst RatingsJP Morgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!