Bright Horizons added to Analyst Focus List at JPMorgan

JPMorgan added Bright Horizons (BFAM) to the firm’s Analyst Focus List while keeping an Overweight rating on the shares with a $150 price target The company’s runway for back-up care revenue growth is large at both existing and new clients, the analyst tells investors in a research note. The firm says Bright Horizons’ back-up business is an employee benefit administered on behalf of employers. It believes the stock is undervalued and that investors underappreciate the company’s back-up opportunity.