Canaccord Genuity Maintains a 'Buy' on China Kanghui Holdings (KH); Domestic Chinese Pushed Quarter

Canaccord Genuity maintains a 'Buy' on China Kanghui Holdings (NYSE: KH) price target of $23.50 (from $26.00).

Analyst, William J. Plovanic, said, "We are maintaining our rating following yet another quarter of solid domestic (Chinese) revenue growth. More importantly, the new product pipeline remains robust with total joint products initiating commercialization and multiple products being rolled out across the spine and trauma franchises."

"2012 guidance was updated, with the low end of the revenue and non-GAAP net income ranges raised."

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 $22.51 yesterday.

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