BMO Capital analyst Jeffrey Silber lowered the firm’s price target on KinderCare Learning (KLC) to $4 from $6 and keeps an Outperform rating on the shares after its Q4 results. The company beat EBITDA expectations on margin strength and the benefit of an extra week, thought the management highlighted continued enrollment softness, with occupancy down 340bps y/y and weak across cohort, the analyst tells investors in a research note.
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