BofA Raises Price Target on New Oriental (EDU) Following Strong Revenue Performance
Bank of America raised its price target for New Oriental Education & Technology Group Inc. (NYSE: EDU) from $71.30 to $73.20, citing better-than-expected revenue growth in the February quarter and reaffirming a 'Buy' rating. The company's Q3 results exceeded forecasts with EPS of $0.95 versus an expected $0.84 and revenue reaching $1.42 billion against expectations of $1.36 billion.
Tickers: $EDU