Zhongpin, Inc. (HOGS)

[Bart Myers]

Global Hunter Securities upgraded Zhongpin (NASDAQ: HOGS) from Neutral to Accumulate in a research report published today. Global Hunter Securities also increased its Zhongpin price target from $15 to $18.

In the report, Global Hunter Securities states, "The company announced this morning that it has signed what it calls a “strategic cooperation agreement” with China Construction Bank which will provide credit access up to RMB 10B (~$150MM) in growth capital. In our view, today's announcement greatly reduces the risk of any further near-term dilution and serves as another material form of institutional sponsorship."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/1007102/global-hunter-securities-upgrades-zhongpin-to-accumulate#ixzz1JbOh0Nvj