1805 ET - Worries over KinderCare's reliance on government funding amid DOGE cuts have pressured the stock, down 38% so far this year. The selloff is overdone, though, given its funding source has grown consistently through many administrations and economic cycles to help low-income parents afford childcare, according to BMO Capital Markets analyst Jeffrey Silber. Even if its funding were cut, the company has cost levers to offset much of the impact, and its smaller competitors are likely more reliant on such funding, Silber says. He says the selloff provides an attractive entry point for the stock. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 18:05 ET (22:05 GMT)
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