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

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.
Comments (1)
  • Business Economics Analyst
    , contributor
    Comments (2565) | Send Message
     
    the first step towards having eventual investment success - never, and I mean never, pay any attention to analysts for investment banks. They essentially act as paid promoters for publicly-traded companies.
    28 Sep 2012, 06:40 PM Reply Like
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