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Fly News Breaks for April 20, 2016
EDU
Apr 20, 2016 | 07:09 EDT
Brean Capital raised its price target on New Oriental Education to $49 from $41 following a Q3 report the firm views as solid. The firm cited the company's strong brand awareness, disciplined network expansion, investments in products and services, and its strategy to increase its market share followed by flexing its pricing power. Brean Capital reiterated its Buy rating on New Oriental Education shares.