Roth Downgrade Weighs on Zhongpin (HOGS) Shares

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/13/2026

1. CSCO
2. CBRS
3. COHR
4. WYFI
5. STUB
6. CRS
7. ABNRY
8. EAT
9. GLNG
10. FRMI

April 9, 2012 1:22 PM EDT
Get Alerts HOGS Hot Sheet
Price: $13.41 --0%

Rating Summary:
    2 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 9 | New: 8
Join SI Premium – FREE
Shares of Zhongpin (Nasdaq: HOGS) are down sharply Monday afternoon (although well off session lows set at $8.26) following an earlier downgrade from Roth Capital's Kun Tao. The stock last traded at $10.13, down nearly 4 percent from Thursday's closing price.

Roth Capital lowered its investment rating on Zhongpin from Buy to Neutral and reduced its price target on the stock from $13.50 to $9.

Tao cited worries related to financing and an extended timeline for a buyout amid a recent SEC investigation.

The analyst's new price target represents potential downside of about 11 percent from where the stock is currently trading.

Track all the market-moving analyst action on shares of Zhongpin with our Analyst Ratings page.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades

Related Entities

Roth Capital