IDP Education's Long Slide May be Coming to an End -- Market Talk

Dow Jones

2024/12/24

2158 GMT - After a long grind lower, IDP Education is likely to get some support on valuation grounds around A$10/share, Jefferies analysts say in a note. "Based on the current outlook, at below A$10/share we would be buyers of IEL," they say. The analysts upgrade Jefferies's target on the education services stock to "hold" from "underperform." Its price target is pared to A$11.80 from A$13.00. IDP shares are poised for a third consecutive year of losses, trading down more than 40% year to date. The stock ended Monday at A$11.83. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

December 23, 2024 16:58 ET (21:58 GMT)

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