Morgan Stanley raised the firm’s price target on Bright Horizons (BFAM) to $106 from $100 and keeps an Underweight rating on the shares. Strong margins drove the Q1 beat, but lighter enrollment trends offset, leading to a reiteration of the fiscal year guidance excluding a slight benefit from foreign exchange, notes the analyst. Following the report, the firm raised if FY25 and FY26 adjusted EBITDA estimates by 2% and 1%, respectively.
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Read More on BFAM:
- Bright Horizons: Strong Financial Performance and Strategic Positioning Earns Buy Rating
- Bright Horizons Reports Strong Q1 2025 Results
- Bright Horizons affirms FY25 EPS view of $3.95-$4.15, consensus $4.06
- Bright Horizons reports Q1 EPS 66c, consensus 64c
- BFAM Earnings this Week: How Will it Perform?
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