BMO Capital analyst Jeffrey Silber upgraded Bright Horizons to Outperform from Market Perform and raised his price target for the shares to $166 from $152. The recent pullback in the shares is overdone given the company's "strong position" in the current environment, Silber tells investors in a research note. The analyst highlights the tight labor market, beneficial secular trends, including encouraging women in the workforce, and Bright Horizons' "resiliency in a downturn" given its pricing power. He believes the company should be a core holding in any investment portfolio.