Barclays analyst Manav Patnaik raised the firm’s price target on KinderCare Learning (KLC) to $3 from $2 and keeps an Underweight rating on the shares. The company reported a “clean” Q1 beat but one quarter “doesn’t fix the narrative,” the analyst tells investors in a research note.
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Read More on KLC:
- KinderCare Earnings Call: Modest Growth, Margin Strain
- KinderCare Learning price target raised to $5 from $4 at Deutsche Bank
- KinderCare Learning price target raised to $5 from $3 at UBS
- KinderCare Learning price target raised to $4 from $1.50 at Baird
- KinderCare Learning reports Q1 adjusted EPS 4c, consensus (1c)