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Fly News Breaks for November 2, 2015
SORL
Nov 2, 2015 | 08:35 EDT
Greenridge analyst William Gregozeski says the management offer for SORL Auto Parts at $2.84 per share is low. This looks to be a bad deal for shareholders, Gregozeski tells investors in a research note. He expects shareholders will demand a higher takeout price. The analyst thinks SORL is worth "far more" than $2.84 per share and reiterates a Buy rating on the name with a $5.50 price target.
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