tiprankstipranks
Trending News
More News >

New Oriental Education downgraded at Morgan Stanley on weaker outlook

As previously reported, Morgan Stanley downgraded New Oriental Education (EDU) to Equal Weight from Overweight with a price target of $52, down from $83. Q2 revenue beat expectations, but profit missed and management gave “weak” guidance for Q3 and guided down revenue and operating margins for FY25, the analyst tells investors. The “weak” guidance and reduced F25 outlook imply a worse-than-expected impact from the weak macro environment, the analyst added.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue