New Oriental Education price target lowered to $63.20 from $68.60 at BofA

BofA lowered the firm’s price target on New Oriental Education (EDU) to $63.20 from $68.60 and keeps a Buy rating on the shares. The firm lowered its FY25 and FY26 non-GAAP EPS estimates by 3% and 8%, respectively, to reflect weaker-than-expected overseas revenue growth and lower margin assumptions, the analyst tells investors.