BMO Capital raised the firm’s price target on Bright Horizons (BFAM) to $146 from $127 and keeps an Outperform rating on the shares. The company’s Q4 results beat consensus expectations driven by better-than-expected BUCA – Back-Up Care – and segment mix, while the management cited 2025 opportunities in pruning/ fixing the bottom cohort, ramping the middle cohort and UK breaking even, the analyst tells investors in a research note.
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Read More on BFAM:
- Bright Horizons: Strong 4Q24 Results and Optimistic 2025 Outlook Justify Buy Rating
- Bright Horizons Shines with Record Growth and Positive Outlook
- Bright Horizons price target raised to $136 from $128 at Deutsche Bank
- Bright Horizons price target raised to $145 from $139 at Baird
- Bright Horizons Reports Strong 2024 Financial Results
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