Bank of America Reiterates Buy Rating on TAL International
According to Bank of America, TAL International (NYSE: 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.
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