Wells Fargo Starts New Oriental Education (EDU) at Outperform; Sector Should Run For A While

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June 19, 2012 4:57 PM EDT
Get Alerts EDU Hot Sheet
Price: $52.54 +0.40%

Rating Summary:
    16 Buy, 11 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on New Oriental Education (NYSE: EDU) with an Outperform. PT range $33-$40.

Analyst, Trace A. Urdan, said, "We view New Oriental as the leader in the Chinese K-12 tutoring, test-prep, and English language training market. Our FY2012E and FY2013E EPS are $0.86 and $1.14, respectively."

"We believe that the Chinese education sector has a long runway for further secular growth and New Oriental's preeminent market position should allow it to disproportionately benefit."

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 $27.33 yesterday.

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