Canaccord Genuity reiterates a 'Buy' on China Kanghui Holdings (KH); New Product and Distributors Drive Q2/11 Revenue Beat

Canaccord Genuity reiterates a 'Buy' on China Kanghui Holdings (NYSE: KH) price target lowered from $28.50 to $26.00.

Canaccord analyst, William J. Plovanic, says, "We reiterate our rating following the strong Q2/11 revenue outperformance, demonstrating that Kanghui continues to outgrow the Chinese market by launching new products and adding distributors...All pipeline products remain on their respective commercialization timelines, with the first total knee product expected early 2012."

For more ratings news on China Kanghui Holdings click here and for the rating history of China Kanghui Holdings click here.

Shares of China Kanghui Holdings closed at $20.09 yesterday.

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