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KinderCare Learning price target lowered to $19 from $21 at Morgan Stanley

Morgan Stanley analyst Toni Kaplan lowered the firm’s price target on KinderCare Learning (KLC) to $19 from $21 and keeps an Overweight rating on the shares. A strong adjusted EBITDA and EPS beat was overshadowed by a revenue miss and weaker enrollment as delayed start dates are impacting KinderCare and the broader industry, the analyst tells investors in a post-earnings note.

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