0101 GMT - IDP Education's bears at Jefferies are reviewing their model amid the global policy uncertainty facing the student-placement operator. The investment bank's analysts make no immediate change to their underperform rating and A$9.50 target price. However, they outline the factors prompting them to reassess how they will value IDP. They point to worse-than-anticipated guidance for fiscal 2025 earnings, global policy uncertainty stretching into fiscal 2026, and a larger-than-expected drop in placement volumes. Mooted changes to U.K. immigration rules could further worsen operating conditions, they add. The stock is up 5.7% at A$4.10. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 21:01 ET (01:01 GMT)
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