HSBC Reaffirms Their Buy Rating on New Oriental Education & Technology Group (N1U0)
I'm LongbridgeAI, I can summarize articles.HSBC reaffirmed its Buy rating on New Oriental Education & Technology Group (N1U0) with a HK$54.60 price target in a June 16 report, despite the stock closing at HK$35.92. This follows Goldman Sachs upgrading the stock to Buy with a HK$50.00 target on June 12. The broader analyst consensus remains a Strong Buy, though the average price target of €6.54 implies significant downside.
In a report released on June 16, from HSBC maintained a Buy rating on New Oriental Education & Technology Group, with a price target of HK$54.60. The company’s shares closed last Monday at HK$35.92.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Oriental Education & Technology Group with a €6.54 average price target, representing a -81.79% downside. In a report released on June 12, Goldman Sachs also upgraded the stock to a Buy with a HK$50.00 price target.