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Fly News Breaks for March 2, 2020
EDU, TAL
Mar 2, 2020 | 08:28 EDT
BofA analyst Lucy Yu upgraded TAL Education (TAL) to Buy from Neutral with a $65.80 price target. Yu is turning more positive on Chinese education leaders TAL and New Oriental Education (EDU) given their consolidation opportunities and accelerating online penetration with a surging user base, she tells investors. She also believes the below-guidance revenue trends are well expected by the Street and that long-term structural growth could be "even more robust" when COVID-19 has passed.
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