China’s New Oriental Education (EDU +5.7%) sizzled after Morgan Stanley named it a research...

|About: New Oriental Education & Te... (EDU)|By:, SA News Editor

China’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.