BMO Capital lowered the firm’s price target on KinderCare Learning (KLC) to $12 from $18 but keeps an Outperform rating on the shares. The company missed adjusted EBITDA expectations owing to lighter occupancy, which diverged during the quarter, driving weaker-than-anticipated enrollment, the analyst tells investors in a research note. BMO adds however that KinderCare management also cited a number of initiatives to improve occupancy.
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Read More on KLC:
- KinderCare Learning price target lowered to $14 from $15 at Morgan Stanley
- KinderCare Learning price target lowered to $13 from $20 at Baird
- KinderCare Learning price target lowered to $12 from $26 at Deutsche Bank
- KinderCare Learning Companies Inc: Buy Rating Affirmed Amid Growth Potential and Strategic Initiatives
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