Rodman & Renshaw Lifts Price Target on Yongye (YONG) to $12

October 6, 2009 3:32 PM EDT

Rodman & Renshaw has raised its price target on shares of Yongye International (Nasdaq: YONG) from $10 to $12, also maintaining its Market Outperform rating today.

The firm said it is revisiting its valuation following the stock's recent 28% run-up since announcing its strategic plan for 2010-2012 on Friday of last week.

Click here to see all the analyst action on shares of Yongye.


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