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Stock Market & Financial Investment News

News Breaks
March 20, 2013
10:18 EDTEDU, ALBCFNew Oriental Chairman says no privatization plan going on, ChinaScope says
New Oriental Education (EDU) Chairman Yu Minhong has denied rumors of a privatization plan, ChinaScope Financial reports. Rumors had been swirling that the company was in talks with Alibaba (ALBCF) on issues regarding leveraged buyout. Reference Link
News For EDU;ALBCF From The Last 14 Days
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April 11, 2014
07:45 EDTEDUNew Oriental Education weakness creates buying opportunity, says Wells Fargo
Wells Fargo believes that worries about the Chinese economy and concerns over cheaper competition were partly responsible for the 20% decline in New Oriental's stock since January 17. However, the firm thinks the company has proven itself to be resilient to macroeconomic fluctuations, and Wells contends that the stock is undervalued. It keeps an Outperform rating on the shares.

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