Daiwa analyst Candis Chan upgraded TAL Education to Buy from Outperform, citing a belief that the stock is "oversold on the recent media disclosures." On March 14, media uncovered irregularities of Xueersi STEAM courses related to the selling practices and course content in certain learning centers, but TAL has swiftly made rectifications to ensure full compliance of the frontline practices with its Double Reduction policy, said the firm, which adds that it believes the recent 20% share price correction since Q3 results were reported "presents a good entry for long-term investments."
Published first on TheFly
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