UPDATE: Oppenheimer Upgrades New Oriental Education (EDU) to Outperform after 20-F Filed
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Price: $52.54 +0.40%
Rating Summary:
16 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - October 15, 2012 10:45 AM EDT)
Oppenheimer upgraded New Oriental Education (NYSE: EDU) from Perform to Outperform with a $25 price target.
"EDU filed its FY12 20-F last Friday (10/12) with consistent historical financials, an unqualified auditor's report, additional VIE agreements & positive SEC comment on its historical financial reporting, indicating favorable outlook of the currently pending SEC investigation, which now relates to review of its FY12 20-F and the special committee's findings, per our understanding," analyst Ella Ji comments. "Our channel checks also suggest its fundamentals remained intact during the past three months."
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 $17.14 yesterday.
Oppenheimer upgraded New Oriental Education (NYSE: EDU) from Perform to Outperform with a $25 price target.
"EDU filed its FY12 20-F last Friday (10/12) with consistent historical financials, an unqualified auditor's report, additional VIE agreements & positive SEC comment on its historical financial reporting, indicating favorable outlook of the currently pending SEC investigation, which now relates to review of its FY12 20-F and the special committee's findings, per our understanding," analyst Ella Ji comments. "Our channel checks also suggest its fundamentals remained intact during the past three months."
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 $17.14 yesterday.
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