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.
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Read More on KLC:
- KinderCare Learning falls -9.4%
- KinderCare Learning price target lowered to $20 from $21 at UBS
- KinderCare Learning price target lowered to $19 from $21 at Morgan Stanley
- KinderCare Learning price target lowered to $20 from $25 at Baird
- KinderCare Learning Companies Inc: Strong Financial Performance and Strategic Outlook Support Buy Rating