Morgan Stanley Maintains Overweight on New Oriental Education, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eddy Wang has maintained an Overweight rating on New Oriental Education (NYSE:EDU) and increased the price target from $85 to $95.
March 28, 2024 | 1:38 pm
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Morgan Stanley has maintained an Overweight rating on New Oriental Education and raised the price target from $85 to $95.
The upgrade in the price target by a reputable analyst like Eddy Wang from Morgan Stanley is a strong positive signal for the stock. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100