** Shares of IDP Education IEL.AX slip as much as 2.43% to A$5.025 to hit their lowest since November 25; set for third session of losses

** Macquarie says its long-term view remains intact on expectations that foreign student demand will rebound in key Western markets, but warns near-term EPS faces pressure from subdued volumes

** Australia's visa volumes slipped in October, while Canada logged its first monthly gain in nearly a year in September; UK posted modest growth in the September quarter, as per brokerage

** Adds, mapping visa volumes to IEL's revenue recognition points to a 20%–50% market drop in 1H26 for Australia and Canada, while UK shows only modest gains

** Reiterates its "neutral" rating with price target of A$6, citing a tough near-term outlook but expecting foreign student policy and sentiment to improve over the medium term

** Stock down 60.2% YTD

(Reporting by Kumar Tanishk and Adwitiya Srivastava in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))