BMO Capital lowered the firm’s price target on KinderCare Learning (KLC) to $6 from $10 and keeps an Outperform rating on the shares. The company’s Q3 results beat adjusted EBITDA expectations owing to lighter SG&A, though the management noted continued struggles in the “Opportunity Zone” region with relatively steady occupancy in the top three quintiles and slowing subsidy revenues, the analyst tells investors in a research note.
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Read More on KLC:
- KinderCare Learning price target lowered to $8 from $13 at Baird
- KinderCare downgraded to Equal Weight from Overweight at Morgan Stanley
- KinderCare Learning downgraded to Neutral from Buy at UBS
- KinderCare Learning Companies Inc.: Hold Rating Amid Declining Enrollment and Pricing Pressures
- KinderCare Learning Companies Inc. Faces Enrollment Challenges and Margin Compression, Leading to Hold Rating