Why Chinese Education Stocks Bounced Back Tuesday
Bad news was good news for Chinese education stocks Tuesday morning as shares of China Online Education Group (NYSE: COE) climbed 9.1% through 10:40 a.m. EDT, TAL Education Group (NYSE: TAL) gained 10.3%, and New Oriental Education (NYSE: EDU) rose 14.8%.
As TheFly.com reported today, investment bank Goldman Sachs cut its price target on TAL Education and downgraded New Oriental Education stock, but the stock prices rose anyway. Why?
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Source Fool.com
