Fly News Breaks for January 9, 2020
Jan 9, 2020 | 06:21 EDT
Macquarie analyst Linda Huang last night upgraded TAL Education to Outperform from Neutral with a price target of $56.60, up from $40, after taking over coverage of the name. The policy risk promulgated in August 2018 is behind the company and its focus on efficiency "could bear fruit for its offline business," Huang tells investors in a research note. As for the online business, the company will address more on cost efficiency and this should help "curb the loss expansion," adds the analyst.
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