Canaccord Genuity Reiterates a 'Buy' on China Kanghui (KH); Notes From the Road: Total Joints on Deck, Macro Drivers in Place
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Price: $30.60 --0%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity reiterates a 'Buy' on China Kanghui Holdings (NYSE: KH) price target of $29.00.
Analyst, William J. Plovanic, said, "We reiterate our rating following our recent non-deal roadshow with management of KH. We were able to gain clarity into current trends and issues within the company. Our general take-away is that KH should continue to benefit from macro drivers in China. Furthermore, we would expect the company to continue to leverage its market-leading position in trauma and spine with expansion into the total segment of the orthopedic market."
"Beijing tender/pricing pressure not a concern for Kanghui as minimal
exposure to geography and distributor margins would cushion any blow."
For an analyst ratings summary and ratings history on China Kanghui Holdings click here. For more ratings news on China Kanghui Holdings click here.
Shares of China Kanghui Holdings closed at $15.70 yesterday.
Analyst, William J. Plovanic, said, "We reiterate our rating following our recent non-deal roadshow with management of KH. We were able to gain clarity into current trends and issues within the company. Our general take-away is that KH should continue to benefit from macro drivers in China. Furthermore, we would expect the company to continue to leverage its market-leading position in trauma and spine with expansion into the total segment of the orthopedic market."
"Beijing tender/pricing pressure not a concern for Kanghui as minimal
exposure to geography and distributor margins would cushion any blow."
For an analyst ratings summary and ratings history on China Kanghui Holdings click here. For more ratings news on China Kanghui Holdings click here.
Shares of China Kanghui Holdings closed at $15.70 yesterday.
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