[ET Net News Agency, 25 January 2024] Macquarie raised its target price for New
Oriental (09901) to HKD70.2 from HKD63.6 and maintained its "outperform" rating.
The research house said it raises FY24E/FY25E/FY26E non-GAAP net income estimates by
7%/9%/13%, respectively, on higher gross margin estimates. (RC)