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Fly News Breaks for March 2, 2020
EDU, TAL
Mar 2, 2020 | 08:28 EDT
BofA analyst Lucy Yu upgraded TAL Education (TAL) to Buy from Neutral with a $65.80 price target. Yu is turning more positive on Chinese education leaders TAL and New Oriental Education (EDU) given their consolidation opportunities and accelerating online penetration with a surging user base, she tells investors. She also believes the below-guidance revenue trends are well expected by the Street and that long-term structural growth could be "even more robust" when COVID-19 has passed.
News For TAL;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.