BMO Capital raised the firm’s price target on KinderCare Learning (KLC) to $6 from $4 and keeps an Outperform rating on the shares. The company’s Q1 results beat expectations and were driven by margin strength from operating leverage and cost efficiencies, the analyst tells investors in a research note. Enrollment pressure continued with occupancy down 310bps y/y, though there was modest sequential improvement, the firm added.
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Read More on KLC:
- Jeffrey Silber Raises KinderCare Price Target to $6 and Reiterates Buy on Improving Profitability and Enrollment Outlook
- KinderCare Learning price target raised to $3 from $2 at Barclays
- 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