Morgan Stanley cuts New Oriental stock rating to Equalweight
Morgan Stanley (NYSE:MS) issued a downgrade for New Oriental Education (NYSE:EDU) stock, moving from an Overweight to an Equalweight rating and setting a new price target at $52.00. The shift in rating was prompted by concerns regarding the company's weaker-than-expected third-quarter fiscal year 2025 (3QF25) guidance and a downward revision of its full fiscal year 2025 (F25) outlook.