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Stock Market & Financial Investment News

News Breaks
December 6, 2012
05:20 EDTEDUNew Oriental Education issues clarification on market activity
New Oriental Education and Technology Group issued th following statement: In view of the continued market activity in the company's ADS, New Oriental would like to clarify that even though the company's independent auditor is Deloitte Touche Tohmatsu, the company is not the Deloitte Touche Tohmatsu client referred to by the U.S. SEC in its proceedings initiated against the five accounting firms in China.
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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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