RINO Attractively Priced
Analysts at Standpoint Research initiate coverage of RINO International Corporation (NASDAQ: RINO) with a “buy” rating. The target price for RINO is set to $35.
The 30% downturn in RINO International’s share price over the past ten days has created an attractive buying opportunity for investors with a longer term horizon. The analysts mention that, “The stock sold off as the market declined this week as it is volatile and very high-beta. Additionally, the baby was thrown out with the bath water and most Chinese stocks were dumped on news of Chinese government tightening in order to prevent a real estate bubble (and other bubbles). RINO should not have sold off, as the company is involved in cleaning up the environment – and this is one area the government will not be compromising on.”
