Bright Horizons Family Solutions Hits New 12-Month High on Analyst Upgrade (BFAM)
Shares of Bright Horizons Family Solutions (NASDAQ:BFAM) reached a new 52-week high on Wednesday after Barclays raised their price target on the stock from $40.00 to $45.00, Analyst Ratings News reports. Barclays currently has an overweight rating on the stock. Bright Horizons Family Solutions traded as high as $38.75 and last traded at $38.51, with a volume of 139,346 shares traded. The stock had previously closed at $37.90.
BFAM has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Bright Horizons Family Solutions from a “market weight” rating to an “overweight” rating in a research note on Monday, December 30th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Bright Horizons Family Solutions has an average rating of “Buy” and a consensus target price of $37.14.
The stock has a 50-day moving average of $37.05 and a 200-day moving average of $36.34. The company’s market cap is $2.508 billion.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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