Morgan Stanley lowered the firm’s price target on KinderCare Learning (KLC) to $14 from $15 and keeps an Overweight rating on the shares after the company reported lower revenue due to slower enrollment trends in Q2 and enrollment and pricing guidance were lowered. After updating the firm’s model, the analyst notes that FY25 and FY26 adjusted EBITDA estimates are down 2% and 3%, respectively.
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Read More on KLC:
- 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
- Buy Rating Maintained Despite Revenue Miss and Enrollment Challenges, with Optimism for Future Growth
- KinderCare Learning downgraded to Equal Weight from Overweight at Barclays