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KinderCare Learning initiated with an Equal Weight at Morgan Stanley
The Fly

KinderCare Learning initiated with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Toni Kaplan initiated coverage of KinderCare Learning (KLC) with an Equal Weight rating and $31 price target The firm likes the company’s position as the largest day-care center provider in the U.S. with mid-single-digit revenue growth. However, the stock’s valuation “seems fair,” the analyst tells investors in a research note.

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