UPDATE: Rodman & Renshaw Lowers PT on SORL Auto Parts to $10

Loading...
Loading...
Rodman & Renshaw is out with its report today on SORL Auto Parts
SORL
, lowering its PT to $10. In its report, Rodman & Renshaw writes, "In line with our lowered financial projections we are also lowering our price target on SORL from $18.00 to $10.00. Our new price target translates into a P/E multiple of ~10x with respect to our EPS estimates for FY12." Rodman & Renshaw maintains Market Outperform on SORL. Shares of SORL closed Tuesday at $3.50, down 7.89% from Monday's close.
Posted In: Analyst ColorPrice TargetAnalyst RatingsAuto Parts & EquipmentConsumer DiscretionaryRodman & Renshaw
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...