Global Hunter Securities Upgrades Zhongpin (HOGS) to Neutral; Solid Q3 Results, Share Repurchase & Insider Buying

Global Hunter Securities upgraded Zhongpin (NASDAQ: HOGS) from Reduce to Neutral.

Global analyst says, "...Given the continued operational performance, current valuation, ongoing repurchase and insider purchases, and the significant increase in both M&A activity and investor interest across the US-listed China space, we are upgrading our rating to Neutral. With short interest remaining near historic highs, the material decline in share price, the reduction in average daily trading volume and the strong institutional presence; we feel that the stock is unlikely, barring another short attack, to trade materially lower in the near term."

For an analyst ratings summary and ratings history on Zhongpin click here. For more ratings news on Zhongpin click here.

Shares of Zhongpin closed at $9.24 yesterday.

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