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BEDU

Bright Scholar

$15.98

0.06 (0.38%)

, TAL

TAL Education

$37.67

1.15 (3.15%)

07:55
06/29/18
06/29
07:55
06/29/18
07:55

Morgan Stanley shakes up China Education ratings, ups Bright Scholar, cuts TAL

As previously reported, Morgan Stanley analyst Sheng Zhong upgraded Bright Scholar (BEDU) to Overweight from Equal Weight and downgraded TAL Education (TAL) to Equal Weight from Overweight, telling investors in a note on the China Education sector that she now prefer stocks with a balanced growth outlook and valuation given China's regulatory and operational uncertainties. The analyst, who still prefers companies focused on after-school tutoring, called Rise Education (REDU) and New Oriental Education (EDU) her top picks in the space. Zhong also downgraded Four Seasons Education (FEDU) to Equal Weight and cut her rating on OneSmart Education (ONE) to Equal Weight from Overweight.

BEDU

Bright Scholar

$15.98

0.06 (0.38%)

TAL

TAL Education

$37.67

1.15 (3.15%)

REDU

Rise Education

$14.01

-0.18 (-1.27%)

EDU

New Oriental Education

$93.85

1.17 (1.26%)

FEDU

Four Seasons Education

$5.27

-0.11 (-2.04%)

ONE

OneSmart Education

$11.11

0.11 (1.00%)

  • 24

    Jul

  • 10

    Sep

BEDU Bright Scholar
$15.98

0.06 (0.38%)

01/08/18
MSCO
01/08/18
DOWNGRADE
MSCO
Equal Weight
Bright Scholar downgraded to Equal Weight from Overweight at Morgan Stanley
06/29/18
MSCO
06/29/18
UPGRADE
MSCO
Overweight
Bright Scholar upgraded to Overweight from Equal Weight at Morgan Stanley
08/25/17
08/25/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) initiated with a Buy and CVS Health (CVS) and Fred's (FRED) initiated with a Hold at Loop Capital. 2. Adobe (ADBE), Intuit (INTU), GoDaddy (GDDY) initiated with a Buy at Jefferies, while Mindbody (MB) was initiated with a Hold. 3. New Oriental Education (EDU), Bright Scholar (BEDU) and TAL Education (TAL) initiated with Overweight ratings at Morgan Stanley. 4. WellCare (WCG) coverage assumed with an Overweight at Cantor. 5. Dollar Tree (DLTR) and Dollar General (DG) reinstated with Buy ratings at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/25/17
MSCO
08/25/17
INITIATION
Target $20
MSCO
Overweight
Bright Scholar initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Sheng Zhong initiated Bright Scholar with an Overweight and a $20 price target saying she likes the company's strength in student placement and comprehensive curriculum.
TAL TAL Education
$37.67

1.15 (3.15%)

06/29/18
MSCO
06/29/18
DOWNGRADE
MSCO
Equal Weight
TAL Education downgraded to Equal Weight from Overweight at Morgan Stanley
06/14/18
JEFF
06/14/18
NO CHANGE
Target $42.5
JEFF
Buy
Jefferies keeps Buy rating on TAL, says fraud claims are serious
While Muddy Waters' report did not relate to TAL Education's (TAL) core businesses, the fraud claims are serious nonetheless and would cast concerns over the company's integrity should management be unable to provide a satisfactory explanation, Jefferies analyst Johnny Kin Man Wong tells investors in a research note. The analyst expects share price volatility and notes that New Oriental Education's (EDU) stock price fell from $22.26 to $9.47, or 57.5%, over the course of two days when similar short reports arose in July 2012. Wong has a Buy rating on TAL Education with a $42.50 price target.
06/27/18
EGHT
06/27/18
UPGRADE
EGHT
Buy
TAL Education upgraded to Buy from Accumulate at 86 Research
05/24/18
05/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Deere (DE) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying the slow recovery in Deere's large agriculture business could accelerate in fiscal 2019 with higher grain prices, which have a favorable set-up entering the growing season. 2. Rowan Companies (RDC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Judson Bailey citing stronger offshore activity and dayrates. The analyst also raised his price target on the shares to $20 from $12. 3. SQM (SQM) upgraded to Market Perform from Underperform at Itau BBA. 4. TAL Education (TAL) upgraded to Buy from Outperform at CLSA. 5. Northern Oil and Gas (NOG) upgraded to Buy from Hold at SunTrust analyst Neal Dingmann saying that after some "painful reorganization," he sees FY18 leverage being reduced to 2.7-times enterprise value to EBITDA vs. 7.0-times in FY17. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
REDU Rise Education
$14.01

-0.18 (-1.27%)

11/14/17
MSCO
11/14/17
INITIATION
Target $15.5
MSCO
Overweight
Rise Education initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Sheng Zhong started Rise Education with an Overweight rating and $15.50 price target, calling it a "leading player" in China's fast-growing market for junior English language teaching. Zhong predicts the company can grow revenue and non-GAAP net profit at 2017-19 CAGRs of 30% and 74%, respectively.
06/07/18
UBSW
06/07/18
INITIATION
Target $18.72
UBSW
Buy
Rise Education initiated with a Buy at UBS
UBS initiated Rise Education with a Buy and $18.72 price target.
EDU New Oriental Education
$93.85

1.17 (1.26%)

05/24/18
LYON
05/24/18
DOWNGRADE
LYON
Underperform
New Oriental Education downgraded to Underperform from Outperform at CLSA
03/05/18
JPMS
03/05/18
UPGRADE
Target $83
JPMS
Neutral
New Oriental Education upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Leon Chik upgraded New Oriental Education to Neutral and raised his price target for the shares to $83 from $72. The analyst attributes the 10% pullback in shares last week to concerns over tighter regulations on tutorials in China. He believes, however, that large operators like New Oriental can comply with government regulations better than their smaller rivals The company can continue to obtain new tutorial licenses and grow at a "rapid pace," Chik tells investors in a research note.
01/04/18
DBAB
01/04/18
INITIATION
Target $116
DBAB
Buy
New Oriental Education initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Tallan Zhou started New Oriental Education with a Buy rating and $116 price target. The analyst sees positive demographic growth in China, an increased number of wealthy families, and greater education awareness as demand drivers.
FEDU Four Seasons Education
$5.27

-0.11 (-2.04%)

06/29/18
MSCO
06/29/18
DOWNGRADE
MSCO
Equal Weight
Four Seasons Education downgraded to Equal Weight at Morgan Stanley
ONE OneSmart Education
$11.11

0.11 (1.00%)

06/29/18
MSCO
06/29/18
DOWNGRADE
MSCO
Equal Weight
OneSmart Education downgraded to Equal Weight from Overweight at Morgan Stanley
04/23/18
MSCO
04/23/18
INITIATION
MSCO
Overweight
OneSmart Education initiated with an Overweight at Morgan Stanley
04/23/18
DBAB
04/23/18
INITIATION
Target $15
DBAB
Buy
OneSmart Education initiated with a Buy at Deutsche Bank (earlier)
Deutsche Bank analyst Tallan Zhou earlier today started OneSmart Education with a Buy rating and $15 price target. The analyst views OneSmart as an undervalued premium tutoring franchise.

TODAY'S FREE FLY STORIES

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FL

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ACRS

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PCG

PG&E

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TSLA

Tesla

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-12.45 (-4.17%)

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SQ

Square

$68.82

1.12 (1.65%)

, TWTR

Twitter

$31.18

-1.08 (-3.35%)

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SQ

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$68.82

1.12 (1.65%)

TWTR

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$31.18

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GLNG

Golar LNG

$21.21

-0.75 (-3.42%)

13:45
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TWTR

Twitter

$31.16

-1.1 (-3.41%)

, SQ

Square

$68.86

1.16 (1.71%)

13:41
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TWTR

Twitter

$31.16

-1.1 (-3.41%)

SQ

Square

$68.86

1.16 (1.71%)

03/08/13
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CTGO

Contango Ore

$0.00

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ETFC

E-Trade

$49.05

-1.03 (-2.06%)

13:30
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AG

First Majestic

$5.25

0.08 (1.55%)

13:25
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13:20
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General news
U.S. corporate bond update: ADB's $3.5 B 5-year headlines today »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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RCL

Royal Caribbean

$107.77

-0.84 (-0.77%)

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JBHT

J.B. Hunt

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NTDOY

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NTDOY

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TTWO

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ATVI

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EA

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SNE

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WBA

Walgreens Boots Alliance

$71.40

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TSLA

Tesla

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Periodicals
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  • 30

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KCAP

KCAP Financial

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TIGO

Millicom

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SPX

S&P 500

$0.00

(0.00%)

, SPY

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$0.00

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$261.89

-1.165 (-0.44%)

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MTZ

MasTec

$43.51

-2.08 (-4.56%)

13:00
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CVNA

Carvana

$36.10

0.46 (1.29%)

, AN

AutoNation

$36.08

-0.96 (-2.59%)

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Carvana

$36.10

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AN

AutoNation

$36.08

-0.96 (-2.59%)

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