Great Wall News October 8th | New Oriental (EDU.US) pre-market trading fell by about 9.8%, to $71.77. On the news front, Macquarie released a report, lowering its forecast for New Oriental's net income under non-GAAP from fiscal year 2025 to fiscal year 2027 to between 11.6% and 13.3%, based on reduced revenue forecasts for the company and non-GAAP operating profit forecasts. The bank lowered the target price of New Oriental H shares from HK$71 to HK$63.1, maintaining a target forecasted PE ratio of 25 times for fiscal year 2025, with an investment rating of "outperform." The bank expects that the non-academic K9 business will remain strong, while overseas exam prep business may grow or slow down in the first quarter of fiscal year 2025.
美股异动丨新东方盘前跌超9% 遭麦格理下调H股目标价及经调纯利预测
US stocks in action | New Oriental pre-market fell more than 9%, with Morgan Stanley lowering the target price of H shares and adjusting net profit forecast.
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