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Jefferies Reiterates on Bright Horizons Family Solutions Following 3Q Results, 4Q Guidance

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In a report published Thursday, Jefferies analyst Dan Dolev reiterated a Buy rating and $43.00 price target on Bright Horizons Family Solutions (NYSE: BFAM).

In the report, Jefferies noted, “Yesterday evening, BFAM reported 3Q results and provided 4Q/preliminary '14 guidance. Following strong EPS beats this year, an in-line EPS was unexciting, and so was lowering the high end of the FY EPS guidance. But an upbeat '14 guidance, which implies 7-8% organic top-line growth and EPS growth ‘north of +20%' saved the day. With its diverse growth levers, scale, andunder-penetrated global markets, we believe BFAM remains an attractive story.Reiterate BUY.”

Bright Horizons Family Solutions closed on Wednesday at $37.68.

Latest Ratings for BFAM

DateFirmActionFromTo
Feb 2021BarclaysMaintainsOverweight
Feb 2021BMO CapitalMaintainsMarket Perform
Jan 2021Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for BFAM
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