Wunderlich Securities Maintains Hold Rating and $32 PT on New Oriental Education & Technology Group

A report from WUnderlich Securities reiterates its Hold rating and $32 price target on New Oriental Education & Technology Group

. The report states, “The recent 40% surge in the stock price suggests to us that investors already expect some upside to consensus and guidance. Despite our expectations for a strong quarter, we believe it will be difficult for the company to beat such high expectations and urge caution heading into the report”. EDU closed yesterday at $29.93.