BNP Initiates New Oriental Education With Buy

Analysts at BNP initiated coverage on New Oriental Education & Technology Group Inc. (NYSE: EDU) with a Buy rating.

The target price for New Oriental Education is set to $25.

New Oriental Education shares have dropped 29.85% over the past 52 weeks, while the S&P 500 index has surged 13.51% in the same period.

New Oriental Education's shares fell 1.56% to close at $19.53 yesterday.