New Oriental Education price target raised to $73.20 from $71.30 at BofA

BofA analyst Lucy Yu raised the firm’s price target on New Oriental Education (EDU) to $73.20 from $71.30 and keeps a Buy rating on the shares. The firm is citing the company’s Q3 earnings beat while noting that its Q4 margin is set to expand despite one-off expenses. Following a year of shifting focus on cost optimization, BofA sees margins likely to continue to improve in 2027, leading to better earnings visibility, the analyst tells investors in a research note.