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Fly News Breaks for August 25, 2017
TAL
Aug 25, 2017 | 08:13 EDT
Morgan Stanley analyst Sheng Zhong initiated TAL Education with an Overweight with a $37 price target and named it a top pick. The analyst said TAL's pioneering edtech investments to strengthen tutoring outcomes is a differentiator and believes the company can maintain margin stability despite aggressive network expansion given it is mainly in cities it already operates but where capacity is constrained.
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