News Snapshot:
upgraded shares of China Mengniu Dairy (OTCMKTS:CIADY) from a hold rating to a buy rating in a research note released on Wednesday, Zacks.com reports. The brokerage currently has $70.00 target price on the stock. 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. “ Get China Mengniu Dairy alerts: OTCMKTS CIADY opened at $60.96 on Wednesday. The business’s 50 day moving average is $59.27...
