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

. 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.