KinderCare Learning Companies, Inc. (KLC) stock plummeted 6.97% in Thursday's pre-market trading session after Morgan Stanley lowered its price target on the childcare services provider.
According to analysts polled by FactSet, Morgan Stanley trimmed its price target on KLC to $30 from $31 while maintaining an Equal-weight rating on the stock. The investment bank's cut weighed on investor sentiment, contributing to KLC's sharp decline.
Overall, analysts have a consensus Overweight rating on KLC with an average price target of $33.38, suggesting potential upside from current levels despite the recent sell-off.
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