** Jefferies maintains "Underperform" rating for international education services provider IDP Education IEL.AX, at price target of A$9.50/shr
** Brokerage points to 13% YOY decrease in February traffic to English-language testing websites including IELTS, PTE, TOEFL, Duolingo DUOL.O and CAEL
** Says data indicates downloads of IDP Education's "IELTS by IDP" and "IDP Live" continue to decline on YOY basis, but the rate of decline has slowed, especially for "IELTS by IDP" in February
** Brokerage suggests while the slower rate of decline for "IELTS by IDP" is encouraging, a significant recovery would require a reversal of the current downward trend
** 7 of 12 analysts rate the stock "buy", 4 as "hold" and 1 as "strong sell"; their mean PT is A$14.29 – LSEG data
** Stock down 18.1% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。