Global Hunter Starts RINO International (RINO) at Buy

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Global Hunter Securities initiates coverage on RINO International (Nasdaq: RINO) with a Buy rating and $20 price target.

The firm notes, "RINO is a leading environmental remediation provider to China's iron & steel industry with proprietary and patented technology. The company is well positioned to benefit from the recent PRC government guidelines setting specific pollution output targets for industrial enterprises in general and the iron and steel industry in particular...In our opinion these mistakes stem from the company's naiveté of financial markets requirements rather than any malfeasance or malicious intent by the company or its founders...the potential rewards associated with RINO’s robust growth and profitability outweighs potential risks given current valuation, and should lead to share price appreciation."

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