TAL Education price target raised to $14 from $10.50 at Morgan Stanley

Morgan Stanley raised the firm’s price target on TAL Education to $14 from $10.50 and keeps an Overweight rating on the shares following what the firm calls a “strong beat on revenue growth” in fiscal Q3. The firm expects robust demand for enrichment learning services, as well as solid growth of learning devices, to continue driving revenue growth in Q4, the analyst tells investors.