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Stock Market & Financial Investment News

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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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