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TAL Education downgraded to Neutral from Overweight at JPMorgan (Friday) » 08:44
10/26/20
10/26
08:44
10/26/20
08:44
TAL

TAL Education

$70.33 /

+3.88 (+5.84%)

, EDU

New Oriental Education

$170.43 /

-1.465 (-0.85%)

JPMorgan analyst DS Kim…

JPMorgan analyst DS Kim downgraded on Friday TAL Education (TAL) to Neutral from Overweight with a price target of $75, down from $90. The analyst had "hopes: of sustained triple-digit online growth, bottoming online profitability and offline performance that's on-par with New Oriental Education (EDU) into the second half of fiscal 2021. However, the chance of these happening "appears slim," Kim told investors in a research note. The analyst says TAL's risk/reward profile "looks mixed at best given consensus risks."

ShowHide Related Items >><<
TAL TAL Education
$70.33 /

+3.88 (+5.84%)

EDU New Oriental Education
$170.43 /

-1.465 (-0.85%)

TAL TAL Education
$70.33 /

+3.88 (+5.84%)

10/23/20 JPMorgan
TAL Education downgraded to Neutral from Overweight at JPMorgan
10/22/20 Goldman Sachs
Goldman keeps Buy on TAL Education despite Q2 miss on slower Xueersi.com
09/09/20 CLSA
TAL Education upgraded to Outperform from Underperform at CLSA
09/02/20
Fly Intel: Top five analyst initiations
EDU New Oriental Education
$170.43 /

-1.465 (-0.85%)

10/15/20 Citi
New Oriental Education price target raised to $198 from $160 at Citi
10/14/20 Benchmark
New Oriental Education price target raised to $195 from $148 at Benchmark
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
TAL TAL Education
$70.33 /

+3.88 (+5.84%)

EDU New Oriental Education
$170.43 /

-1.465 (-0.85%)

TAL TAL Education
$70.33 /

+3.88 (+5.84%)

EDU New Oriental Education
$170.43 /

-1.465 (-0.85%)

TAL TAL Education
$70.33 /

+3.88 (+5.84%)

Over a month ago
Downgrade
TAL Education downgraded to Neutral from Overweight at JPMorgan » 04:43
10/23/20
10/23
04:43
10/23/20
04:43
TAL

TAL Education

$66.30 /

-8.62 (-11.51%)

JPMorgan analyst DS Kim…

JPMorgan analyst DS Kim downgraded TAL Education to Neutral from Overweight with a $75 price target.

ShowHide Related Items >><<
TAL TAL Education
$66.30 /

-8.62 (-11.51%)

TAL TAL Education
$66.30 /

-8.62 (-11.51%)

10/22/20 Goldman Sachs
Goldman keeps Buy on TAL Education despite Q2 miss on slower Xueersi.com
09/09/20 CLSA
TAL Education upgraded to Outperform from Underperform at CLSA
09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
TAL TAL Education
$66.30 /

-8.62 (-11.51%)

TAL TAL Education
$66.30 /

-8.62 (-11.51%)

TAL TAL Education
$66.30 /

-8.62 (-11.51%)

Recommendations
Goldman keeps Buy on TAL Education despite Q2 miss on slower Xueersi.com » 15:13
10/22/20
10/22
15:13
10/22/20
15:13
TAL

TAL Education

$67.58 /

-7.34 (-9.80%)

Goldman Sachs analyst…

Goldman Sachs analyst Christine Cho notes that TAL Education reported below-expected Q2 results, with net revenues growing by 21% year-over-year, which was below consensus due to slower revenue growth of Xueersi.com. TAL also guided Q3 net revenues between $1.061B and $1.094B with an implied year-over-year growth of 28%-32%, which is below Goldman Sachs and Bloomberg consensus estimates at the mid-point, Cho adds. The analyst keeps a Buy rating and a price target of $88 on TAL shares.

ShowHide Related Items >><<
TAL TAL Education
$67.58 /

-7.34 (-9.80%)

TAL TAL Education
$67.58 /

-7.34 (-9.80%)

09/09/20 CLSA
TAL Education upgraded to Outperform from Underperform at CLSA
09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
TAL TAL Education
$67.58 /

-7.34 (-9.80%)

TAL TAL Education
$67.58 /

-7.34 (-9.80%)

TAL TAL Education
$67.58 /

-7.34 (-9.80%)

Earnings
TAL Education sees Q3 revenue $1.06B-$1.09B, consensus $1.14B » 05:12
10/22/20
10/22
05:12
10/22/20
05:12
TAL

TAL Education

$74.92 /

-5.47 (-6.80%)

Based on current…

Based on current estimates, total net revenues for Q3 are expected to be between $1.06B and $1.09B, representing an increase of 28% to 32% on a year-over-year basis. These estimates reflect the company's current expectation, which is subject to change.

ShowHide Related Items >><<
TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

09/09/20 CLSA
TAL Education upgraded to Outperform from Underperform at CLSA
09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

Earnings
TAL Education reports Q2 EPS 8c, consensus 12c » 05:10
10/22/20
10/22
05:10
10/22/20
05:10
TAL

TAL Education

$74.92 /

-5.47 (-6.80%)

Reports Q2 revenue $1.1B,…

Reports Q2 revenue $1.1B, consensus $1.13B. Total student enrollments of normal priced long-term course increased by 65% year-over-year to approximately 5,632,210 from approximately 3,413,120 in the same period of the prior year. Total physical network increased from 871 learning centers in 70 cities as of February 29 to 936 learning centers in 91 cities as of August 31. "TAL's financial results of the second fiscal quarter reflected a combination of the continued strong growth momentum of our online courses and the lingering pressure on our offline business in this period. Although the second fiscal quarter was marked by the extended impact of the COVID-19 outbreak, we are encouraged to see that the public health situation and general economy began to improve in China, and offline teaching and tutoring gradually resumed during the summer months," said Rong Luo, TAL's CFO.

ShowHide Related Items >><<
TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

09/09/20 CLSA
TAL Education upgraded to Outperform from Underperform at CLSA
09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

TAL TAL Education
$74.92 /

-5.47 (-6.80%)

Upgrade
TAL Education upgraded to Outperform from Underperform at CLSA » 09:31
09/09/20
09/09
09:31
09/09/20
09:31
TAL

TAL Education

$72.63 /

-2.54 (-3.38%)

CLSA analyst Youngrin Kim…

CLSA analyst Youngrin Kim upgraded TAL Education to Outperform from Underperform with an unchanged price target of $80 after seeing more evidence of TAL showcasing its latest R&D efforts to incorporate AI in their online offerings while the company is participating in the 2020 China International Fair for Trade in Services. Kim, who sees TAL building a long-term competitive moat in online, thinks share price weakness could be a buying opportunity for long-term investors.

ShowHide Related Items >><<
TAL TAL Education
$72.63 /

-2.54 (-3.38%)

TAL TAL Education
$72.63 /

-2.54 (-3.38%)

09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
08/03/20 Citi
TAL Education price target raised to $98 from $80 at Citi
TAL TAL Education
$72.63 /

-2.54 (-3.38%)

TAL TAL Education
$72.63 /

-2.54 (-3.38%)

TAL TAL Education
$72.63 /

-2.54 (-3.38%)

TAL TAL Education
$72.63 /

-2.54 (-3.38%)

Options
Tal Education Group put volume heavy and directionally bearish » 10:15
09/03/20
09/03
10:15
09/03/20
10:15
TAL

TAL Education

$77.31 /

-2.51 (-3.14%)

Bearish flow noted in Tal…

Bearish flow noted in Tal Education Group with 2,208 puts trading, or 7x expected. Most active are Sep-20 72.5 puts and Sep-20 77.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 34.50, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 29th.

ShowHide Related Items >><<
TAL TAL Education
$77.31 /

-2.51 (-3.14%)

TAL TAL Education
$77.31 /

-2.51 (-3.14%)

09/02/20
Fly Intel: Top five analyst initiations
09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
08/03/20 Citi
TAL Education price target raised to $98 from $80 at Citi
TAL TAL Education
$77.31 /

-2.51 (-3.14%)

TAL TAL Education
$77.31 /

-2.51 (-3.14%)

TAL TAL Education
$77.31 /

-2.51 (-3.14%)

TAL TAL Education
$77.31 /

-2.51 (-3.14%)

Initiation
Fly Intel: Top five analyst initiations » 10:15
09/02/20
09/02
10:15
09/02/20
10:15
TAL

TAL Education

$79.95 /

+1.68 (+2.15%)

, EDU

New Oriental Education

$152.38 /

+1.315 (+0.87%)

, PS

Pluralsight

$18.97 /

-0.06 (-0.32%)

, EVRG

Evergy

$53.24 /

+0.58 (+1.10%)

, NLS

Nautilus

$14.25 /

+0.4 (+2.89%)

, DKNG

DraftKings

$39.88 /

+3 (+8.13%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. TAL Education (TAL) and New Oriental Education (EDU) were initiated with a Buy at Jefferies. 2. Pluralsight (PS) initiated with a Buy at DA Davidson. 3. Evergy (EVRG) reinstated with a Neutral at Goldman Sachs. 4. Nautilus (NLS) initiated with an Outperform at William Blair. 5. DraftKings (DKNG) initiated with a Hold at Truist. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
TAL TAL Education
$79.95 /

+1.68 (+2.15%)

PS Pluralsight
$18.97 /

-0.06 (-0.32%)

NLS Nautilus
$14.25 /

+0.4 (+2.89%)

EVRG Evergy
$53.24 /

+0.58 (+1.10%)

EDU New Oriental Education
$152.38 /

+1.315 (+0.87%)

DKNG DraftKings
$39.88 /

+3 (+8.13%)

TAL TAL Education
$79.95 /

+1.68 (+2.15%)

09/01/20
New Oriental Education, TAL Education started with a Buy at Jefferies
09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
08/03/20 Citi
TAL Education price target raised to $98 from $80 at Citi
07/31/20 CLSA
TAL Education upgraded to Underperform from Sell at CLSA
EDU New Oriental Education
$152.38 /

+1.315 (+0.87%)

09/01/20 Jefferies
New Oriental Education initiated with a Buy at Jefferies
07/29/20 CLSA
New Oriental Education downgraded to Outperform from Buy at CLSA
07/09/20 Nomura
New Oriental Education price target raised to $160 from $150 at Nomura Instinet
PS Pluralsight
$18.97 /

-0.06 (-0.32%)

09/02/20 DA Davidson
Pluralsight initiated with a Buy at DA Davidson
09/01/20 DA Davidson
Pluralsight initiated with a Buy at DA Davidson
07/30/20 Barrington
Pluralsight price target raised to $24 from $20 at Barrington
07/06/20 Morgan Stanley
Microsoft skilling focus tempers some Pluralsight optimism, says Morgan Stanley
EVRG Evergy
$53.24 /

+0.58 (+1.10%)

09/01/20 Goldman Sachs
Evergy reinstated with a Neutral at Goldman Sachs
08/17/20
Loeb's Third Point buys Alibaba, makes a top holding, during second quarter
08/03/20 Wolfe Research
Evergy downgraded to Peer Perform from Outperform at Wolfe Research
07/06/20 Wells Fargo
Evergy price target raised to $66 from $60 at Wells Fargo
NLS Nautilus
$14.25 /

+0.4 (+2.89%)

09/02/20 William Blair
Nautilus initiated with an Outperform at William Blair
08/11/20 Craig-Hallum
Nautilus price target raised to $22 from $13 at Craig-Hallum
08/11/20 Rosenblatt
Nautilus' strong trends a positive for Peloton, says Rosenblatt
08/11/20 Truist
Nautilus price target raised to $18 from $12 at Truist
DKNG DraftKings
$39.88 /

+3 (+8.13%)

09/02/20 Truist
DraftKings initiated with a Hold at Truist
09/02/20 Truist
DraftKings initiated with a Hold at Truist
08/31/20 Canaccord
DraftKings management meetings reinforce positive view, says Canaccord
08/28/20
Fly Intel: Top five analyst downgrades
TAL TAL Education
$79.95 /

+1.68 (+2.15%)

PS Pluralsight
$18.97 /

-0.06 (-0.32%)

NLS Nautilus
$14.25 /

+0.4 (+2.89%)

EVRG Evergy
$53.24 /

+0.58 (+1.10%)

EDU New Oriental Education
$152.38 /

+1.315 (+0.87%)

DKNG DraftKings
$39.88 /

+3 (+8.13%)

  • 19
    Jun
  • 10
    Jun
TAL TAL Education
$79.95 /

+1.68 (+2.15%)

EVRG Evergy
$53.24 /

+0.58 (+1.10%)

EDU New Oriental Education
$152.38 /

+1.315 (+0.87%)

DKNG DraftKings
$39.88 /

+3 (+8.13%)

TAL TAL Education
$79.95 /

+1.68 (+2.15%)

PS Pluralsight
$18.97 /

-0.06 (-0.32%)

NLS Nautilus
$14.25 /

+0.4 (+2.89%)

DKNG DraftKings
$39.88 /

+3 (+8.13%)

TAL TAL Education
$79.95 /

+1.68 (+2.15%)

PS Pluralsight
$18.97 /

-0.06 (-0.32%)

NLS Nautilus
$14.25 /

+0.4 (+2.89%)

EDU New Oriental Education
$152.38 /

+1.315 (+0.87%)

DKNG DraftKings
$39.88 /

+3 (+8.13%)

Initiation
New Oriental Education, TAL Education started with a Buy at Jefferies » 18:23
09/01/20
09/01
18:23
09/01/20
18:23
TAL

TAL Education

$78.27 /

+4.5 (+6.10%)

, EDU

New Oriental Education

$151.07 /

+4.375 (+2.98%)

As previously reported,…

As previously reported, Jefferies analyst John Chou initiated coverage of New Oriental Education (EDU) and TAL Education (TAL) with a Buy rating and respective price targets of $175 and $90. The analyst sees the names as "long-term winners" post COVID-19, anticipating a "paradigm shifts in education consumption" with greater online "disruption" and more competition. Chou adds that TAL is his top pick in the K-12 After School Tutoring, or AST, with "Lean and Mean" attributes of "superior" online economics, strong pricing power, and its emerging B2B products. The analyst also sees New Oriental Education as the "Education giant" with strong positioning in K-12 AST along with its test preparation offering.

ShowHide Related Items >><<
TAL TAL Education
$78.27 /

+4.5 (+6.10%)

EDU New Oriental Education
$151.07 /

+4.375 (+2.98%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

09/01/20 Jefferies
TAL Education initiated with a Buy at Jefferies
08/03/20 Citi
TAL Education price target raised to $98 from $80 at Citi
07/31/20 CLSA
TAL Education upgraded to Underperform from Sell at CLSA
07/13/20 BofA
TAL Education resumed with a Buy at BofA
EDU New Oriental Education
$151.07 /

+4.375 (+2.98%)

09/01/20 Jefferies
New Oriental Education initiated with a Buy at Jefferies
07/29/20 CLSA
New Oriental Education downgraded to Outperform from Buy at CLSA
07/09/20 Nomura
New Oriental Education price target raised to $160 from $150 at Nomura Instinet
06/30/20 Goldman Sachs
New Oriental Education price target raised to $149 from $145 at Goldman Sachs
TAL TAL Education
$78.27 /

+4.5 (+6.10%)

EDU New Oriental Education
$151.07 /

+4.375 (+2.98%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

EDU New Oriental Education
$151.07 /

+4.375 (+2.98%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

EDU New Oriental Education
$151.07 /

+4.375 (+2.98%)

Initiation
TAL Education initiated with a Buy at Jefferies » 16:34
09/01/20
09/01
16:34
09/01/20
16:34
TAL

TAL Education

$78.27 /

+4.5 (+6.10%)

Jefferies analyst John…

Jefferies analyst John Chou initiated coverage of TAL Education with a Buy rating and $90 price target.

ShowHide Related Items >><<
TAL TAL Education
$78.27 /

+4.5 (+6.10%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

08/03/20 Citi
TAL Education price target raised to $98 from $80 at Citi
07/31/20 CLSA
TAL Education upgraded to Underperform from Sell at CLSA
07/13/20 BofA
TAL Education resumed with a Buy at BofA
06/30/20 Goldman Sachs
TAL Education price target raised to $75 from $64 at Goldman Sachs
TAL TAL Education
$78.27 /

+4.5 (+6.10%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

TAL TAL Education
$78.27 /

+4.5 (+6.10%)

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