Breaking News Instant updates and real-time market news.

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

TWNK

Hostess Brands

$11.66

-0.02 (-0.17%)

12:09
09/24/18
09/24
12:09
09/24/18
12:09
Conference/Events
Hostess Brands management to meet with Stephens »

Group Luncheon Meeting…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 26

    Sep

TWNK

Hostess Brands

$11.66

-0.02 (-0.17%)

12:08
09/24/18
09/24
12:08
09/24/18
12:08
Conference/Events
Hostess Brands participates in a conference call with Stephens »

Conference call with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 26

    Sep

BDRBF

Bombardier

$0.00

(0.00%)

12:06
09/24/18
09/24
12:06
09/24/18
12:06
Hot Stocks
Bombardier CRJ Series certified for higher maintenance intervals »

Bombardier Commercial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CCJ

Cameco

$9.83

-0.1 (-1.01%)

12:05
09/24/18
09/24
12:05
09/24/18
12:05
Options
Cameco call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ANDV

Andeavor

$158.61

3.81 (2.46%)

, MPC

Marathon Petroleum

$85.71

2.34 (2.81%)

12:02
09/24/18
09/24
12:02
09/24/18
12:02
Hot Stocks
Andeavor, Marathon Petroleum shareholders approve merger »

Stockholders of both…

ANDV

Andeavor

$158.61

3.81 (2.46%)

MPC

Marathon Petroleum

$85.71

2.34 (2.81%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 24

    Sep

CMCSA

Comcast

$35.25

-2.66 (-7.02%)

, DIS

Disney

$111.74

1.02 (0.92%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
General news
Fly Intel: Wall Street's top stories at midday »

Stocks opened in negative…

CMCSA

Comcast

$35.25

-2.66 (-7.02%)

DIS

Disney

$111.74

1.02 (0.92%)

FOXA

21st Century Fox

$44.89

0.56 (1.26%)

SKYAY

Sky

$0.00

(0.00%)

P

Pandora

$9.30

0.22 (2.42%)

SIRI

Sirius XM

$6.41

-0.565 (-8.11%)

ABX

Barrick Gold

$11.06

0.58 (5.53%)

GOLD

Randgold

$68.17

4.23 (6.62%)

AMRN

Amarin

$10.11

7.11 (237.00%)

XON

Intrexon

$18.22

3.725 (25.70%)

KORS

Michael Kors

$66.25

-6.42 (-8.83%)

NTNX

Nutanix

$42.93

-3.62 (-7.78%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

21st Century Fox

$44.49

0.52 (1.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 24

    Sep

  • 24

    Sep

  • 24

    Sep

  • 27

    Sep

  • 01

    Oct

  • 22

    Oct

  • 24

    Oct

  • 25

    Oct

  • 29

    Oct

  • 10

    Dec

VIPS

Vipshop

$6.03

-0.52 (-7.94%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
Vipshop falls -8.2% »

Vipshop is down -8.2%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KORS

Michael Kors

$66.25

-6.42 (-8.83%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
Michael Kors falls -8.9% »

Michael Kors is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PPDF

PPDAI Group

$6.01

-0.59 (-8.94%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
PPDAI Group falls -8.9% »

PPDAI Group is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRC

California Resources

$45.00

5.47 (13.84%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
California Resources rises 13.6% »

California Resources is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Oct

SA

Seabridge Gold

$13.10

1.85 (16.44%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
Seabridge Gold rises 15.9% »

Seabridge Gold is up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

XON

Intrexon

$18.22

3.725 (25.70%)

12:00
09/24/18
09/24
12:00
09/24/18
12:00
Hot Stocks
Intrexon rises 25.4% »

Intrexon is up 25.4%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMZN

Amazon.com

$1,920.36

2.61 (0.14%)

, SIG

Signet Jewelers

$64.47

-2.16 (-3.24%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Periodicals
Amazon applies for patent for 'online retail sales of jewelry,' BI reports »

Amazon (AMZN) has applied…

AMZN

Amazon.com

$1,920.36

2.61 (0.14%)

SIG

Signet Jewelers

$64.47

-2.16 (-3.24%)

TIF

Tiffany

$125.58

-1.05 (-0.83%)

DGSE

DGSE Companies

$0.57

(0.00%)

BGI

Birks Group

$1.30

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 26

    Sep

  • 27

    Sep

BTHE

Boston Therapeutics

$0.00

(0.00%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Hot Stocks
Boston Therapeutics starts study of BTI320 on type 2 diabetics on metformin »

Boston Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DE

Deere

$150.80

-2.02 (-1.32%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Options
Deere put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Conference/Events
RBC Capital multi-industry analyst to hold group luncheon »

Multi-Industry Analyst…

BSX

Boston Scientific

$38.14

0.38 (1.01%)

11:55
09/24/18
09/24
11:55
09/24/18
11:55
Conference/Events
Boston Scientific to hold an investor event »

In conjunction with the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 09

    Oct

11:45
09/24/18
09/24
11:45
09/24/18
11:45
General news
Treasury's $90 B 3- and 6-month bill sale was well received »

Treasury's $90 B 3-…

SPPI

Spectrum

$21.04

-0.33 (-1.54%)

11:44
09/24/18
09/24
11:44
09/24/18
11:44
Hot Stocks
Spectrum announces preliminary poziotinib data from Phase 2 study »

Spectrum Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 01

    Oct

SNE

Sony

$57.01

-0.025 (-0.04%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:43
09/24/18
09/24
11:43
09/24/18
11:43
Periodicals
Sony to cease manufacturing PlayStation Vita in 2019, BI reports »

According to a recent…

SNE

Sony

$57.01

-0.025 (-0.04%)

NTDOY

Nintendo

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMRN

Amarin

$9.95

6.95 (231.67%)

11:43
09/24/18
09/24
11:43
09/24/18
11:43
Recommendations
Amarin analyst commentary  »

Citi sees about five…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 01

    Oct

RAD

Rite Aid

$1.24

-0.025 (-1.98%)

11:40
09/24/18
09/24
11:40
09/24/18
11:40
Options
10K Rite Aid Jan 1 puts trade for 9c on ISE »

10K Rite Aid Jan 1 puts…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

JPM

JPMorgan

$117.18

-0.66 (-0.56%)

11:38
09/24/18
09/24
11:38
09/24/18
11:38
Hot Stocks
JPMorgan's Dimon says hasn't spoken to president since election comments »

JPMorgan CEO Jamie Dimon,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 26

    Sep

  • 28

    Sep

  • 12

    Oct

  • 21

    Oct

  • 26

    Feb

MDT

Medtronic

$98.36

0.51 (0.52%)

11:36
09/24/18
09/24
11:36
09/24/18
11:36
Hot Stocks
Medtronic announces five-year data with CoreValve TAVR system »

Medtronic announced new…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 26

    Sep

  • 09

    Oct

11:35
09/24/18
09/24
11:35
09/24/18
11:35
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.