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What: Shares of China-based private educator New Oriental Education & Technology Group
So what: Goldman Sachs not only upgraded the stock to a buy today with a fresh price target of $130 per ADR, but it also added New Oriental to its "conviction buy" list. That much TLC from a well-respected firm can do wonders for a small-cap stock with a light news flow.
Now what: Tim Hanson, co-advisor to our Global Gains newsletter on international investing, warned us six months ago that Chinese education stocks New Oriental, Ambow Education Holding
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. New Oriental Education & Technology Group is a Motley Fool Rule Breakers recommendation. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.