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Fly News Breaks for June 14, 2019
EDU
Jun 14, 2019 | 11:28 EDT
Morgan Stanley analyst Sheng Zhong said his city-by-city analysis gave him "high confidence" in the growth outlook for New Oriental Education in the next couple of years. The analyst, who also points to improving operations and industry consolidation as factors in his positive view, keeps an Overweight rating on New Oriental and raised his price target on the shares to $106 from $95.
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