2155 GMT - Changes to IDP Education's accounting policy are seen by its bull at Jefferies as enhancing the quality of the student-placement provider's financial reporting. Analyst Wei Sim welcomes the Australian company's stricter approach to revenue recognition, telling clients in a note that the negative impact on fiscal 2026 revenue is simply an issue of timing. IDP's revenue and earnings still look set to fall within its guidance ranges, while Sim adds that his forecasts were already below the midpoints. Jefferies keeps a buy rating and A$7.90 target price on the stock, which is at A$5.69 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 18, 2025 16:55 ET (21:55 GMT)
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