TAL Education price target lowered to $12 from $13 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on TAL Education (TAL) to $12 from $13 and keeps an Overweight rating on the shares. Despite the Q4 earnings miss that triggered a share price correction overnight, the firm expects TAL to sustain its strong revenue growth in FY26, driven by sustainable growth of learning devices, benefiting from the trade-in program, and resilient demand in the Peiyou enrichment learning business. Following the overnight pullback, the firm finds the current valuation attractive, the analyst tells investors in a research note.