0050 GMT - IDP Education keeps its bull at UBS but the investment bank's analysts drop it from their list of top picks due to uncertainty over policy, the geopolitical backdrop and global inflation. Maintaining a buy rating on the student placement provider, the analysts flag weak student visa data in Australia, Canada and the U.K. They tell clients in a note that the operating environment for IDP has become materially worse in recent months, calling out the Middle East conflict and rising cost of living in key markets. The analyst say the stock's steep recent fall leaves it with an undemanding valuation, but acknowledge that some investors will remain cautious. UBS cuts its target price 36% to A$5.15. Shares are down 1.6% at A$3.07. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 20:50 ET (00:50 GMT)
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