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sweet crude

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sweet crude

Re: None

Wednesday, 05/16/2007 3:21:39 PM

Wednesday, May 16, 2007 3:21:39 PM

Post# of 2542
Ludlow China upgrades CHCG

http://www.ludlowchina.com/reports/chcg.htm


Ludlow China Upgrades Coverage on China 3C Group, 12 Month Target of $10.00 a Share, and A- Rating

Last Updated: May 16, 2007

NEW YORK-- May 16, 2007 --New York based Ludlow China upgrades coverage on China 3C Group (OTC Bulletin Board: CHCG), a leading retail chain operating over 800 independent stores in Eastern China, with a 12 month target of $10.00 a share, and equity rating of A-.


COVERAGE SUMMARY

Ludlow China is upgrading China 3C Group's rating to A-, with a new 12 month price target of $10.00 a share based on 2007 projected earnings.
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