RYB | RYB Education, Inc.

RYB Upgrades / Downgrades

Date	Action	Broker / Analyst	Change	Price Target
May 24, 2019	Downgrade	Morgan Stanley	Equal-Weight → Underweight
Mar 22, 2019	Downgrade	Credit Suisse	Neutral → Underperform
Dec 6, 2018	Downgrade	Morgan Stanley	Overweight → Equal-Weight
Jul 23, 2018	Initiated	Jefferies	Buy	$27
May 16, 2018	Downgrade	Credit Suisse	Outperform → Neutral
Jan 8, 2018	Downgrade	Morgan Stanley	Overweight → Equal-Weight

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