Goldman Sachs Suspends Rating on New Oriental Education (EDU)

July 18, 2012 1:32 PM EDT Send to a Friend
Get Alerts EDU Hot Sheet
Price: $22.49 +0.67%

Rating Summary:
    8 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 28 | New: 35
Trade EDU Now!
Join SI Premium – FREE
Goldman Sachs suspended its rating on New Oriental Education (NYSE: EDU) today following the notice of a formal order of SEC investigation.

"We are suspending our investment rating and price target on New Oriental because there is not currently a sufficient basis for determining an investment rating or price target for the company," the firm said.

After dropping 34 percent Tuesday, shares of EDU are down another 19 percent Wednesday after Muddy Waters issued a 'strong sell' report.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Trader Talk

Related Entities

Goldman Sachs, Muddy Waters LLC

Add Your Comment