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Fly News Breaks for May 16, 2017
EDU
May 16, 2017 | 07:47 EDT
Goldman analyst Fan Liu upgraded New Oriental Education to Buy and increased its price target to $82 from $57 based on increased visibility into growth. The analyst said accelerated capacity expansion and further utilization improvements will drive growth. Liu also said checks show rising classroom occupancy rate and the company's revamped products and organization structure can lead to further upside.
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