News Snapshot:
Zacks Investment Research downgraded shares of China Mengniu Dairy (OTCMKTS:CIADY) from a buy rating to a hold rating in a research note released on Friday, Zacks.com reports. According to Zacks, “China Mengniu Dairy Company Limited manufactures and distribute dairy products primarily in China. The company’s product pipeline consists of liquid milk products, ice cream, milk formula and other dairy products. China Mengniu Dairy Company Limited is based in Causeway Bay, Hong Kong. “ Shares of OTCMKTS CIADY opened at $64.27 on Friday. The firm has a fifty day moving average of $58.81 and a 200 day moving average of $57.83....
