What happened Shares of Chinese for-profit education company New Oriental Education & Technology Group (NYSE: EDU) continued their downward trend Monday, falling 7.5% by 9:50 a.m. EDT. A downgrade from Credit Suisse appears to be to blame. So what There's no particular bad news hitting New Oriental Education today, aside from the downgrade itself. But as TheFly.com reports this morning, Credit Suisse has pulled its outperform rating on the stock and downgraded it to neutral on worries about just how bad the worst-case scenario could be for China's crackdown on for-profit education companies. A new law restricting the activities of these companies isn't due to go into effect until Sept. 1, but already the rumblings of restrictions on advertising, hours of operation, and where courses can be taught have Credit Suisse feeling nervous. Image source: Getty Images. Now what As the news gets "increasingly negative," Credit Suisse is thinking that "the sector's risk/reward is no longer attractive" says TheFly. And so, the investment bank is halting its recommendation of the stock now, and waiting to see the law to assess just how bad the news is, before making a final call on New Oriental Education. 10 stocks we like better than New Oriental Education & Technology GroupWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and New Oriental Education & Technology Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 11, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends New Oriental Education & Technology Group. The Motley Fool has a disclosure policy.Source