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Why Chinese Education Stocks Bounced Back Tuesday


China Online Education Group (NYSE:COE) climbed 9.1% through 10:40 a.m. EDT,
TAL Education Group (NYSE:TAL) gained 10.3%, and
New Oriental Education (NYSE:EDU) rose 14.8%.
As TheFly.com reported today, investment bank Goldman Sachs cut its price target on TAL Education and downgraded New Oriental Education stock, but the stock prices rose anyway. Why?
Image source: Getty Images.
So what
Goldman Sachs probably thought it was delivering investors a warning about the perils of investing in heavily regulated international stocks that can be devastated by restrictions imposed by the Chinese government but that s not the way investors seem to be taking the news. ....

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