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Fly News Breaks for October 17, 2019
Oct 17, 2019 | 08:35 EDT
JPMorgan analyst DS Kim assumed coverage of TAL Education with an Overweight rating and $40 price target. The analyst says TAL is one of his preferred picks in China's education space. He sees the company "offering the clearest long-term growth" and 18% potential share upside.
News For TAL From the Last 2 Days
Feb 28, 2020 | 17:02 EST
The company previously announced its outlook which estimated the total net revenues for the fourth quarter to be in the range of $959.1M-$980.9M. The weaker-than-expected revenues are mainly due to the impact of the outbreak of coronavirus in China and precautionary measures taken by the company with respect to its offline business, which was partially offset by the growth in student enrollments in online courses and related revenues for the quarter.