New Oriental Education (EDU +6.6%) spikes on bullish intraday comments from Wells Fargo, which...

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

New Oriental Education (EDU +6.6%) spikes on bullish intraday comments from Wells Fargo, which says EDU "provides a high-value, culturally-prized product" as it raises its target price on the shares to $31 from $24 and reiterates its Overweight rating. The firm also expects the SEC-related overhang due to an accounting issue to be resolved favorably.