UPDATE: Benchmark Downgrades TAL International (TAL) to Hold

July 26, 2021 6:08 AM EDT
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Price: $4.62 +3.13%

Rating Summary:
    9 Buy, 14 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - July 26, 2021 7:11 AM EDT)

Benchmark analyst Bill Sutherland downgraded TAL International (NYSE: TAL) from Buy to Hold.

The analyst comments "Along with our sector downgrade, we are downgrading TAL from Buy to Hold. We expect the Opinions on Further Alleviating the Burden of Homework and After- School Tutoring for Students in Compulsory Education (the Opinion) released by China government over the weekend will have a profound impact on in the AST industry and adversely change the course of the operation and the financial outlook of the industry participants. We acknowledge there is salvage value in TAL stock. TAL, with its large cash balance, operating efficiency, and its capacity and capability to pivot into permissible new businesses will, likely make it a survivor. However, it is clear we are entering uncharted territory with substantial moving parts. Our downgrade reflects our limited visibility of the industry landscape post the reset, on top of the uncertain timeline as to how long it will take for the dust to settle. As such, we have decided to step to the sidelines."

For an analyst ratings summary and ratings history on TAL International click here. For more ratings news on TAL International click here.

Shares of TAL International closed at $6.00 yesterday.

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