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Fly News Breaks for August 3, 2018
BFAM
Aug 3, 2018 | 09:24 EDT
Citi analyst Nithin Pejaver downgraded Bright Horizons Family Solutions to Neutral from Buy while raising his price target for the shares to $115 from $112. The company's underlying business remains solid following its Q2 results, but the stock is up 40% over last 12 months, Pejaver tells investors in a research note. The analyst cites valuation for the downgrade but admits acquisitions could drive Bright Horizons' next leg of growth.
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