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Fly News Breaks for February 28, 2020
EDU
Feb 28, 2020 | 08:41 EDT
Deutsche Bank analyst Vitus Leung initiated coverage of New Oriental Education with a Buy rating and $150 price target. The analyst believes after-school tutoring is the most attractive subsector within China's "fast growing" education space.
News For EDU From the Last 2 Days
EDU
Mar 28, 2024 | 06:29 EDT
Morgan Stanley raised the firm's price target on New Oriental Education to $95 from $85 and keeps an Overweight rating on the shares. The firm, which models revenue to grow 45% year-over-year in fiscal Q3 and 38% year-over-year in FY24, expects the education businesses to sustain strong revenue growth and margin improvement in FY24, despite East Buy perhaps being a margin drag due to higher investment needs, the analyst tells investors.