By: Benzinga
UPDATE: Stifel Nicolaus Downgrades Bright Horizon Family Solutions to Hold, Valuation Fair
In a report published Thursday, Stifel Nicolaus analyst Robert L. Craig downgraded Bright Horizon Family Solutions (NYSE: BFAM ) from Buy to Hold and removed its $34.00 price target. In the report, Craig wrote, "The shares are now selling at just over 24x our 2014 adjusted EPS estimate of $1.43,
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