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Market Chatter: IDP Education Downgraded Due to Weak Visa Volumes, Clampdown on International Students, Macquarie Says, AFR Reports

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IDP Education (ASX:IEL) was downgraded due to weak visa volumes, a stronger Australian dollar, and a clampdown on international students in Australia, the UK, and Canada, Macquarie said, according to a Friday report by the Australian Financial Review (AFR).

Macquarie downgraded its rating on IDP Education to underperform and cut the price target to AU$2.35 per share from AU$2.66 per share.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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