Rodman & Renshaw Downgrades SmartHeat (HEAT) to Market Perform; Valuation Call
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Rodman & Renshaw downgrades SmartHeat (Nasdaq: HEAT) to Market Perform on Valuation.
Rodman analyst says, "On August 11, 2009, we raised our twelve to eighteen months price target for HEAT from $10 to $13 as a result of better than expected Q2 results and increased guidance for the balance of the year, reflecting SmartHeat's increased traction in the petrochemical, retrofit and new construction markets."
To see more analyst ratings on HEAT Click Here.
SmartHeat, Inc. engages in the manufacture and sale of plate heat exchangers (PHEs) and packages, thermometer testing devices, and heat usage calculators in the People's Republic of China.
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