Market Overview

Piper Jaffray Sees Some Auto Parts Companies' Sales At-Risk (CAAS, WATG)

Piper Jaffray is out with a research report this morning, where it takes a look at last week's decision by the Beijing government to limit new car sales in China's capital.

The analysts believe sales estimates for some auto parts companies may be at risk because of this.

While the analysts will be meeting with 7-8 auto parts companies over the next 2 weeks in China to reassess, and potentially revise, estimates, there are a few companies that they see being impacted negatively:

• Wonder Auto Technology, Inc. (NASDAQ: WATG)
• China Automotive Systems, Inc. (NASDAQ: CAAS)

Posted-In: Piper JaffrayAnalyst Color

 

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