New Oriental Education (EDU) PT Lowered to $22 at Jefferies; 'Increasingly Clear Buying Opportunity'

Jefferies analyst John Chou lowered the price target on New Oriental Education (NYSE: EDU) to $22.00 (from $225.00) while maintaining a Buy rating. The analyst sees an "increasingly clear buying opportunity."

The analyst commented, "EDU reported 3QFY21 results and hosted an earnings call. While results and guidance both beat our forecasts and consensus, we believe management comment is market's focus. Management indicated that EDU aligns with all the potential policy changes and sees limited impacts on its sales growth"

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