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Fly News Breaks for January 21, 2020
EDU
Jan 21, 2020 | 06:42 EDT
CLSA analyst Youngrin Kim downgraded New Oriental Education to Outperform from Buy with a price target of $149.96, up from $140.50. In a research note to investors, Kim says the company's Q2 results beat revenue estimates by 2%, with a consecutive quarterly margin beat, adding that the company has already adjusted for the regulatory impact and should enjoy higher utilization. However, with the stock up 111.5% over the past 12 months, he sees some positives being priced-in.
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