Deutsche Bank Starts Longtop Financial Technologies (LFT) at Buy

December 4, 2007 7:23 AM EST
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Price: $4.24 -1.17%

Rating Summary:
    2 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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Deutsche Bank initiates coverage on Longtop Financial Technologies (NYSE: LFT) with a Buy rating, setting a $30 price target, citing a great position within its quickly growing industry, unique barriers to entry and impressive operating results.

Longtop Financial Technologies Limited, together with its subsidiaries, develops software and provides information technology (IT) services to financial services industry in the People's Republic of China.

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