Piper Jaffray Maintains Overweight Rating On Duoyuan Global Water Inc. (DGW)

Following a meeting with Duoyuan Global Water Inc.’s (NYSE: DGW) operational managers, analysts Michael E. Cox and Alexander E. Potter at Piper Jaffray have maintained Overweight rating on the company.

The price target for the company has been maintained at $34. Analysts remain confident in the demand for Duoyuan Global Water Inc.’s water treatment products. As a result, analysts have reiterated their above- consensus estimates for the company.

According to analysts, the risk comes mainly from cost control and not top-line growth. However, the risk is offset by new hires, the recent pull-back in valuation and the chances of a top-line upside.