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Fly News Breaks for October 8, 2019
BFAM
Oct 8, 2019 | 08:05 EDT
Morgan Stanley analyst Toni Kaplan initiated coverage of Bright Horizons with an Equal Weight rating and $162 price target. She sees the company's subscription-based business model as differentiated and notes its 95% customer retention, but Kaplan thinks the market is already giving Bright Horizons credit for its "best-in-class positioning" and would advise waiting for a better entry point into the stock.
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