New Oriental Education price target raised to $95 from $80 at JPMorgan

JPMorgan raised the firm’s price target on New Oriental Education to $95 from $80 and keeps an Overweight rating on the shares. New Oriental’s November quarter beat and guidance suggests the post-policy tutoring business is in a “Goldilocks environment” with very favorable supply/demand dynamics and stable policy backdrop, the analyst tells investors in a research note.