KinderCare Learning price target lowered to $21 from $26 at BMO Capital

BMO Capital lowered the firm’s price target on KinderCare Learning (KLC) to $21 from $26 and keeps an Outperform rating on the shares after its Q1 results. The company beat adjusted EBITDA expectations, handily owing to lighter-than-expected cost of revenues, though revenue growth was largely via pricing and Champions and a bit below consensus expectations, the analyst tells investors in a research note.