UPDATE: Jefferies Initiates Bright Horizons Family Solutions at Buy on Rising Utilization

In a report published on Wednesday, Jefferies analyst Dan Dolev initiated coverage on Bright Horizons Family Solutions BFAM with a Rating of Buy and a price target of $41.

In the report, Jefferies noted, "Over the next 12-24 months, we expect rising healthcare costs to boost roll-ups. International expansion, cross-selling, and capacity utilization should all accelerate."

Bright Horizons Family Solutions closed on Wednesday at $35.37.