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Fly News Breaks for March 25, 2019
REDU
Mar 25, 2019 | 08:55 EDT
Morgan Stanley analyst Sheng Zhong downgraded Rise Education to Equal Weight from Overweight, stating that he expects slower new learning center expansion, lower enrollment growth and pressure on margins due to rising competition in English language tutoring, or ELT. Additionally, regulatory requirements necessitating the company to change its tuition fee prepayments will affect cash flow in 2019 and beyond, Zhong tells investors.
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