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Fly News Breaks for January 19, 2018
Jan 19, 2018 | 09:33 EDT
RBC Capital analyst Gary Bisbee raised his price target on Bright Horizons to $98, forecasting a 8% reduction in effective tax rate that will boost EPS by about 10% in 2018 and 2019. The analyst says that the company's long-term potential is high and the stock deserves a premium valuation on the company's growth prospects. Bisbee keeps his Outperform rating on Bright Horizons.
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