Morgan Stanley published a report updating the risk-return profile of New Oriental Education (01686.HK), advancing the company valuation forecast by six months to December next year. Therefore, the target price is raised from 4.6 yuan to 4.9 yuan, maintaining a shareholding rating.

Morgan Stanley stated that under the latest bull and bear market scenarios, the target price for New Oriental Education has been adjusted to 7.7 yuan and 2.6 yuan, respectively.