New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2024

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New Oriental Education (EDU) PT Lowered to $106 at Citi, 'profitability headwinds'

August 1, 2024 9:35 AM EDT

Citi analyst Michelle Fang lowered the price target on New Oriental Education (NYSE: EDU) to $106.00 (from $127.00) while maintaining a Buy rating.

The analyst comments "EDU's FY24 results present a mixed picture: robust top-line growth contrasted with profitability headwinds. The FY25 outlook is... More