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In a report published Tuesday, Morgan Stanley analyst Scott Devitt initiated coverage on
Care.comCRCM with an Equal-Weight rating.
In the report, Morgan Stanley noted, “Care.com is an early stage company that combines an attractive story with a potentially compelling product and several growth drivers. A long path to mature margins and a valuation that already reflects a strong likelihood of success temper our outlook.”
Care.com closed on Friday at $25.41.
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