0053 GMT - IDP Education's bull at Macquarie is looking to elections in Australia and Canada to provide certainty on the regulatory backdrop for the student-placement provider. An analyst note from the investment bank says the elections, which should lead to certainty on immigration policies and visa numbers, form part of an encouraging set-up for IDP's next fiscal year. Earnings look close to stabilizing in the second half of the current fiscal year, which ends in June, while pricing and costs also seem to have improved, the note adds. Macquarie keeps a A$16.00 target price and outperform rating on the stock, which is down 3.9% at A$10.475. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 19:53 ET (00:53 GMT)
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