LOS ANGELES, Oct. 7 /PRNewswire/ -- Vista Partners announced today that it has initiated coverage on Lihua International, Inc. (Nasdaq: LIWA) with a twelve month target price of $18.20. Ross Silver, Principal Analyst at Vista Partners stated, "We believe Lihua is significantly undervalued considering management reiterated their 2010 guidance of Non-GAAP net income of $38.1 million to $40.3 million, representing 48% -57% growth over 2009, which equates to $1.30 to $1.40 in earnings per share. We believe Lihua should have been mentioned in the recent Forbes magazine article highlighting undervalued Chinese stocks based on Lihua's attractive valuation and projected future growth." To download a FREE copy of the Lihua International, Inc. research report, please visit www.vistap.com/research and complete the research form to gain access to the report.
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With offices in California and Oregon, Vista Partners LLC is one of the fastest growing independently owned research and consulting firms in the United States. Vista Partners professional staff has backgrounds in finance, corporate communications and investment banking.
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SOURCE Vista Partners