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Fly News Breaks for March 25, 2019
HIBB, LXRX, MSL, FBNC, EDU, TAL, RF
Mar 25, 2019 | 10:20 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Regions Financial (RF) upgraded to Buy from Hold at Sandler O'Neill with analyst Stephen Scouten saying he does not believe there is more than 3%-5% of potential downside to 2021 numbers if there are not a couple of Fed rate reductions in 2020. 2. TAL Education (TAL) and New Oriental Education (EDU) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. First Bancorp (FBNC) and MidSouth Bancorp (MSL) upgraded to Buy from Hold at Sandler O'Neill. 4. Lexicon (LXRX) upgraded to Hold from Sell at Gabelli with analyst Kevin Kedra citing the company's announcement that the FDA had issued a complete response letter for sotagliflozin to treat type 1 diabetes, consistent with his expectations. 5. Hibbett Sports (HIBB) upgraded to Positive from Neutral at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For RF;TAL;EDU;FBNC;MSL;LXRX;HIBB 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.