摩根大通：上调新东方目标价至53港元

Core Viewpoint - Morgan Stanley has raised the target price for New Oriental (09901.HK) by 12.8% to HKD 53, maintaining an "Overweight" rating, indicating a positive outlook for the company's performance and growth potential [1] Financial Performance - The adjusted company performance shows over 10% growth potential, suggesting the end of the downturn cycle in the fiscal year 2025 [1] - Despite a decline in U.S. stock prices, Morgan Stanley remains optimistic about New Oriental's return to profitability and growth trajectory [1] Capital Returns - The capital return rate for New Oriental has exceeded 5%, reflecting strong financial health and investor confidence [1]