Bright Horizons price target raised to $92 from $90 at BMO Capital

BMO Capital analyst Jeffrey Silber raised the firm’s price target on Bright Horizons to $92 from $90 and keeps a Market Perform rating on the shares. The company’s Q4 earnings beat was both revenue and margin driven as the management slightly accelerated the number of center closures, specifically in the UK, with expectations for that to continue as it “rationalizes” its portfolio, the analyst tells investors in a research note.