UPDATE: Goldman Sachs Terminates Coverage on China Nepstar
In a report published this morning, Goldman Sachs announced that they are terminating coverage of China Nepstar (NYSE: NPD). Goldman Sachs gave Nepstar a final rating of Neutral and maintained a price target of $2.20.
Goldman Sachs commented, “We are terminating coverage of China Nepstar to better allocate our resources. Our estimates and 12-month target price remain unchanged, and our final rating on the stock is Neutral. This is our final report on the company.”
NPD closed at $2.37 on Tuesday.
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