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A report from Oppenheimer reiterates its Outperform rating on New Oriental Education
EDU.
The report states, “We are confident in EDU's leading market position and continue to be attracted to its growth strategy in China's large and fragmented education market. With its top-notch brand name, extensive course offerings, solid pricing power and experienced management team, we believe EDU will continue gaining share through its network expansion and delivering sustainable top/bottom line growth in the coming years.”
EDU closed Friday at $23.46.
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