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China’s New Oriental Education (EDU +5.7%) sizzled after Morgan Stanley named it a...
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Friday, September 7, 2012, 5:32 PM ETChina’s New Oriental Education (EDU +5.7%) sizzled after Morgan Stanley named it a research tactical idea on the belief the stock could rise in the next 60 days after a recent downturn. While an SEC investigation may weigh on shares near-term, the firm believes EDU's business fundamentals remain sound and price weakness offers a long-term buying opportunity.
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