Goldman Sachs analyst George Tong downgraded KinderCare Learning (KLC) to Neutral from Buy with a price target of $6, down from $20. The firm believes the stock’s upside will be limited by declining child care center occupancy rates and slowing revenue growth. KinderCare’s occupancy declines are due to local market dynamics rather than a single factor, making remediation efforts “likely complex and protracted in nature,” the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KLC:
- KinderCare Learning price target lowered to $10 from $11 at UBS
- KinderCare Learning Companies Inc.: Buy Rating Amid Valuation Opportunities and Enrollment Challenges
- KLC Lawsuit Alert! Class Action Lawsuit Against KinderCare Learning Companies
- KinderCare’s Earnings Call: Growth Amid Challenges
- KinderCare Faces Legal Storm Over Alleged Neglect