Stock Buy Call: Raffle Education with price target of 2.57 by DBS Equity Research!

Raffles Education Co Ltd may rise after DBS Equity Research upgraded its rating on the stock to "buy" from "hold", and its one-year price target to 2.57 sgd from 2.05, because it has become more optimistic over the design school operator's earnings prospects. "Raffles Education has the potential to tap on the growth of higher education in China, worth 5 bln usd," it said. Raffles Education closed up 0.01 sgd at 2.23 yesterday.