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Fly News Breaks for January 18, 2019
CRCM
Jan 18, 2019 | 09:12 EDT
BTIG analyst Marvin Fong raised his price target on Care.com to $26 and kept his Buy rating, saying the fundamentals on the stock have never been better. The analyst cites labor market tightness and constructive regulatory environment, with New York and California leading over a dozen other states toward enacting more generous paid leave laws. Fong adds that the company's Q4 metrcis were "solid" with Care@Work showing strong momentum, along with the company's expected launch of Care.com Explore in the next 12 to 18 months.
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