Global Hunter Reiterates Buy on Yuhe International (YUII)

Global Hunter is out with its report today on Yuhe International YUII, reiterating Buy. In a note to clients, Global Hunter writes, "We are slightly raising our 2011 estimates as a result of continued strong day-old broiler prices; now expecting the company to report $128MM in revenues and $1.71 in EPS. We continue to believe that shares of YUII remain significantly undervalued at current levels and reiterate our Buy rating and $16 price target." Shares of YUII closed Monday at $7.10, up 3.35% from Friday's close.