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Fly News Breaks for January 22, 2020
TAL
Jan 22, 2020 | 07:43 EDT
Benchmark analyst Fawne Jiang reiterated her Buy rating and raised her price target on TAL Education shares to $57 from $47 after the company reported Q3 results she called "solid." She was encouraged by the pick up of Peiyou offline growth and while offline capacity expansion may weigh on margins in the near-term, it should contribute meaningfully to both revenue growth and margin improvement in the coming fiscal year, Jiang tells investors.
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