0010 GMT - IDP Education keeps its bull at Macquarie despite the student-placement operator's significant near-term challenges. An analyst at the investment bank says IDP's price growth is still in the low teens despite lower volumes. The analyst also flags potential catalysts for the stock to re-rate from cost reductions and improvements to volumes and sentiment. However, the Macquarie analyst cuts the fiscal 2026 EPS forecast by 44% and warns of low visibility on volumes, pricing trends and cost cuts. Macquarie lowers its target price 60% to A$6.40 but maintains an outperform rating on the stock. Shares are up 2.3% at A$3.97. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 20:10 ET (00:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.