Goldman Sachs Starts New Oriental Education (EDU) at Neutral

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Goldman Sachs initiates coverage on New Oriental Education (NYSE: EDU) with a Neutral. PT $20.00.

The firm comments, "We believe EDU has taken a number of constructive steps to cooperate with the SEC in its ongoing investigation of EDU's VIE structure, and we also believe the likelihood of a negative conclusion from the investigation has been reduced."

For an analyst ratings summary and ratings history on New Oriental Education click here. For more ratings news on New Oriental Education click here.

Shares of New Oriental Education closed at $18.51 yesterday, with a 52 week range of $9.41-$29.19.

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