Analysts Offer Insights on Services Companies: Bright Horizons (NYSE: BFAM), Multi-Color Corp. (NASDAQ: LABL) and Macy’s Inc (NYSE: M)

By Ryan Adsit

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Bright Horizons (NYSE: BFAM), Multi-Color Corp. (NASDAQ: LABL) and Macy’s Inc (NYSE: M).

Bright Horizons (NYSE: BFAM)

In a report issued on November 11, Jeffrey Silber from BMO Capital reiterated a Hold rating on Bright Horizons (NYSE: BFAM). The company’s shares closed last Friday at $71.72, close to its 52-week high of $72.06.

According to TipRanks.com, Silber is a 5-star analyst with an average return of 13.7% and a 68.0% success rate. Silber covers the Services sector, focusing on stocks such as Education Management Corp., American Public Education, and Capella Education Company.

Currently, the analyst consensus on Bright Horizons is Moderate Buy and the average price target is $77, representing a 7.4% upside.

In a report issued on November 2, William Blair also downgraded the stock to Hold.
Multi-Color Corp. (NASDAQ: LABL)

In a report issued on November 11, Mark Wilde from BMO Capital reiterated a Hold rating on Multi-Color Corp. (NASDAQ: LABL). The company’s shares closed last Friday at $73.75, close to its 52-week high of $74.95.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 10.2% and a 67.7% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Meadwestvaco Corp., and Graphic Packaging.

Multi-Color Corp. has an analyst consensus of Hold.

Macy’s Inc (NYSE: M)

BMO Capital analyst Wayne Hood reiterated a Buy rating on Macy’s Inc (NYSE: M) on November 11. The company’s shares closed last Friday at $41.36.

According to TipRanks.com, Hood is a 5-star analyst with an average return of 14.3% and a 73.8% success rate. Hood covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Party City Holdco, and Wal-Mart Stores.

Currently, the analyst consensus on Macy’s Inc is Moderate Buy and the average price target is $42.67, representing a 3.2% upside.

In a report issued on October 31, Deutsche Bank also upgraded the stock to Buy with a $45 price target.