0004 GMT - IDP Education's upcoming 1H FY25 result, scheduled for Feb. 27, could be a buying opportunity, according to Macquarie analysts. They upgrade the stock to outperform from neutral. "We take a view that consensus is not appropriately reflecting recent policy changes with our new FY25 EPS forecast 10% below," they say. Downgrades to consensus earnings after the lowering of student visa caps in Australia and Canada could be a time to buy, they say. The analysts reckon IDP's student placement and English language testing volumes can return to sustainable growth in FY26. They keep a A$16.00 target. IDP is up 6.0% at A$13.00. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 06, 2025 19:04 ET (00:04 GMT)
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