IDP's Uncertain Outlook Prompts Downgrade at MS -- Market Talk

Dow Jones
2025/06/04

0049 GMT - Morgan Stanley analysts slash their earnings forecasts for IDP Education, warning that the Australian student-placement operator faces an uncertain near-term outlook. The analysts cut their rating on the stock to equal-weight from overweight. MS highlights IDP's need to manage a wholesale cost reset while maintaining flexibility for a potential improvement in operating conditions. The nearly 50% share-price drop that followed IDP's trading update captures significant downside risk but catalysts for a re-rate look limited, the investment bank warns. MS cuts its target price 76% to A$4.25. Shares are up 6.2% at A$4.12. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 03, 2025 20:49 ET (00:49 GMT)

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