Why TAL Education Group Stock Was Stagnant This Week
TAL Education Group (NYSE: TAL) wasn't in a good position to instruct companies on how to boost their stock price this week.
The Chinese for-profit learning company's American Depositary Shares (ADSes) moved up only marginally across the five trading days, crawling less than 1% higher according to data compiled by S&P Global Market Intelligence. An analyst's downgrade played a big role in that performance, as did investor concerns about a technology that could threaten the education sector as a whole.
That downgrade occurred Monday morning and was enacted by UBS (NYSE: UBS) prognosticator Felix Liu. Liu changed his TAL recommendation to neutral from his previous buy, setting a new price target of $6.20 per ADS as he did so.
Source Fool.com
