JPMorgan upgrades TAL on potential for investor ‘inflection’

JPMorgan analyst DS Kim upgraded TAL Education (TAL) to Overweight from Neutral with a price target of $16, up from $12, implying 33% upside. The company’s “strong” fiscal Q2 report brings a “potential inflection point for restoring investor confidence,” the analyst tells investors in a research note. The firm believes TAL’s results felt “normal” for the first time in a while, with margins up on operating leverage. JPMorgan believes the print should help investors re-engage with shares.