Brean Murray Starts Shengdatech (SDTH) at Buy
More News related to SDTH
- ShengdaTech, Inc. Engages KPMG as New Independent Auditor
- ShengdaTech, Inc. Announces Record Results for Third Quarter
- ShengdaTech to Present at the Roth Capital China Comes to Vegas Conference
- ShengdaTech Announces Delay in Planned Acquisition of Jinan Fertilizer and Closure of Bangsheng Chemical
- ShengdaTech Schedules Conference Call to Discuss Third Quarter Results
More News related to New Coverage
- Citi Initiates Coverage on US Soft Drink Makers
- William Blair Initiates Coverage on Data Networking Stocks
- Caris Starts Coverage on Ariba (ARBA), Concur (CNQR), salesforce.com (CRM), Taleo (TLEO)
- Oppenheimer Initiates Coverage on ViroPharma (VPHM)
- Oppenheimer Initiates Coverage on Cadence Pharmaceuticals (CADX) with an Outperform
Brean Murray initiates coverage on Shengdatech, Inc. (Nasdaq: SDTH) with a Buy rating and $11 price target.
Commenting on its new Buy rating on Shengdatech, the firm said, "We believe the company is well positioned to benefit from the growth of China's industrial economy, the country's urbanization drive, and its growing real estate market. With solid financial and operational management and access to capital markets, we believe ShengdaTech will continue the profitable growth it has experienced during the past few years, while gaining market share and expanding international sales. We believe the company is poised to grow revenue and earnings at a CAGR of at least 25% into 2010, based on the current expansion schedule and favorable underlying market demand characteristics, with potential upside from acquisitions."
Shengdatech, Inc. engages in developing, manufacturing, and marketing nano precipitated calcium carbonate (NPCC) products.
Related Categories
New CoverageStocks Mentioned
+0.47Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
