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RYB

RYB Education

$20.36

-0.645 (-3.07%)

, BEDU

Bright Scholar

$12.42

-0.01 (-0.08%)

08:07
10/02/18
10/02
08:07
10/02/18
08:07

Morgan Stanley ups RYB, cuts New Oriental in China education rating shake-up

As previously reported, Morgan Stanley made three rating changes, including one upgrade and two downgrades, as analyst Sheng Zhong evaluated the impact of new regulations in the sector. While the impact of the new rules are "largely priced in," higher requirements on infrastructure and teacher qualifications could raise costs, there will likely be more supervision on curriculum, extended hours could reduce students' tutoring time; shortened prepayment time will impact cash flow and new employee benefits could increase labor costs for some, Zhong said. The analyst downgraded New Oriental Education (EDU) to Equal Weight from Overweight and cut its earnings forecast by 9-25% for F19-21. Zhong also downgraded Bright Scholar (BEDU) to Equal Weight as part of the sector reshuffling. Zhong upgraded RYB Education (RYB) to Overweight from Equal Weight, stating that it could benefit from the high growth in newborn population and fewer regulation impacts.

RYB

RYB Education

$20.36

-0.645 (-3.07%)

BEDU

Bright Scholar

$12.42

-0.01 (-0.08%)

EDU

New Oriental Education

$70.96

-3.225 (-4.35%)

  • 23

    Oct

RYB RYB Education
$20.36

-0.645 (-3.07%)

10/02/18
MSCO
10/02/18
UPGRADE
MSCO
Overweight
RYB Education upgraded to Overweight from Equal Weight at Morgan Stanley
07/23/18
JEFF
07/23/18
INITIATION
Target $27
JEFF
Buy
RYB Education initiated with a Buy at Jefferies
Jefferies analyst Johnny Kin Man Wong started RYB Education with a Buy rating and $27 price target. The worst effects of the student maltreatment incident should be felt in RYB's first half of 2018 earnings, and the company will recover, Man Wong tells investors in a research note. He believes RYB is well positioned to capture more of the early childhood education market, the fastest growing segment of the Chinese education market.
05/16/18
FBCO
05/16/18
DOWNGRADE
FBCO
Neutral
RYB Education downgraded to Neutral from Outperform at Credit Suisse
01/08/18
MSCO
01/08/18
DOWNGRADE
MSCO
Equal Weight
RYB Education downgraded to Equal Weight from Overweight at Morgan Stanley
BEDU Bright Scholar
$12.42

-0.01 (-0.08%)

06/29/18
MSCO
06/29/18
UPGRADE
MSCO
Overweight
Bright Scholar upgraded to Overweight from Equal Weight at Morgan Stanley
01/08/18
MSCO
01/08/18
DOWNGRADE
MSCO
Equal Weight
Bright Scholar downgraded to Equal Weight from Overweight at Morgan Stanley
10/02/18
MSCO
10/02/18
DOWNGRADE
MSCO
Equal Weight
Bright Scholar downgraded to Equal Weight from Overweight at Morgan Stanley
06/29/18
06/29/18
NO CHANGE

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.
EDU New Oriental Education
$70.96

-3.225 (-4.35%)

08/22/18
DAIW
08/22/18
NO CHANGE
DAIW
Daiwa remains positive on TAL, New Oriental after new tutoring regulations
Shares of TAL Education (TAL) and New Oriental Education (EDU) traded lower yesterday on speculation that the Chinese government was about to release new regulations for the K-12 tutoring industry, Daiwa John Choi tells investors in a research note. Today, China's State Council published a directive in relation to regulations for after-school training institutions, the analyst adds. He believes some of the major regulations that could potentially disrupt the daily operations of TAL and New Oriental include legal compliance of institutions in areas of licensing and staff teaching qualifications, academic course details being submitted to the regional education department and publicly disclosed, tutorial sessions not overlapping with school time and having to end no later than 8pm, and institutions not being able to collect no more than three months of tuition prepayments. Choi expects the measures to reduce the financial visibility on the affected deferred revenue balances for TAL and New Oriental, but views China's new directive as favorable for scalable tutoring companies in China that have high compliance standards. He remains long-term positive on the sector and optimistic of the growth prospects of TAL and New Oriental "given their high teaching standards."
10/02/18
MSCO
10/02/18
DOWNGRADE
MSCO
Equal Weight
New Oriental Education downgraded to Equal Weight from Overweight at Morgan Stanley
07/26/18
JPMS
07/26/18
UPGRADE
Target $113
JPMS
Overweight
New Oriental Education upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Leon Chik upgraded New Oriental Education to Overweight and raised his price target for the shares to $113 from $102. The company's Q4 results are better than they look, Chik tells investors in a post-earnings research note.

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CR

Crane

$87.33

-0.28 (-0.32%)

17:02
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BRO

Brown & Brown

$29.12

0.27 (0.94%)

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
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PERY

Perry Ellis

$27.50

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FBK

FB Financial

$33.54

-1.36 (-3.90%)

16:51
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Earnings
FB Financial reports Q3 adjusted EPS 68c, consensus 72c »

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FBK

FB Financial

$33.54

-1.36 (-3.90%)

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FB Financial authorizes $50M common stock repurchase program »

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FBK

FB Financial

$33.54

-1.36 (-3.90%)

16:48
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FB Financial increases quarterly dividend 33% »

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SSB

South State

$73.05

-1.975 (-2.63%)

16:48
10/22/18
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Earnings
South State reports Q3 adjusted EPS $1.33, consensus $1.40 »

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UVE

Universal Insurance

$47.72

0.72 (1.53%)

16:47
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Hot Stocks
Universal Insurance announces expected financial impact from weather events »

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  • 30

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HLT

Hilton

$70.17

-0.49 (-0.69%)

16:47
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Hilton initiated  »

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SENS

Senseonics

$3.47

-0.14 (-3.88%)

16:46
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CEMI

Chembio Diagnostics

$9.68

-0.05 (-0.51%)

16:44
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Chembio Diagnostics acquires opTricon GmbH for $5.5M in cash »

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  • 15

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HLT

Hilton

$70.17

-0.49 (-0.69%)

16:43
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H

Hyatt

$69.50

-0.18 (-0.26%)

16:43
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MAR

Marriott

$111.49

-0.58 (-0.52%)

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CEMI

Chembio Diagnostics

$9.68

-0.05 (-0.51%)

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Earnings
Chembio Diagnostics sees Q3 revenue $9.2M-$9.5M, two estimate consensus $8.05M »

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CIEN

Ciena

$30.97

0.23 (0.75%)

16:41
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HSTM

HealthStream

$28.30

0.39 (1.40%)

16:40
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Earnings
HealthStream sees FY18 revenue growth of 6%-8%, consensus $229.26M »

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HSTM

HealthStream

$28.30

0.39 (1.40%)

16:38
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Hot Stocks
HealthStream CFO Gerard Hayden, Jr. resigns, Scott Roberts named interim CFO »

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AFMD

Affimed N.V.

$3.15

-0.06 (-1.87%)

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Syndicate
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RMD

ResMed

$102.58

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FN

Fabrinet

$44.71

-0.3 (-0.67%)

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WEX

Wex

$186.64

0.47 (0.25%)

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GOOG

Alphabet

$1,100.52

4.11 (0.37%)

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