Bank of America Reiterates Buy Rating on TAL International

Loading...
Loading...
According to Bank of America, TAL International
TAL
Buy rating is reiterated. Bank of America said that it hosted meetings with TAL International which highlighted strong long-term growth prospects supported by attractive industry fundamentals. “We are increasing our 4Q11 EPS estimate by 4%, to $0.96 from $0.92, while we are lowering 2012 1%, to $3.80. We maintain our $38 objective, based on a 6.9x EV/EBITDA multiple on our 2012 EBITDA estimate of $492 million.” TAL International closed yesterday at $31.97.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsBank of America Merrill Lynch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...