Zacks Investment Research downgraded shares of NOAH HLDGS LTD (NOAH) from OUTPERFORM to NEUTRAL on January 02, 2013, with a target price of $6.30.
Noah Holdings Ltd through its subsidiaries is engaged in providing independent services primarily comprising of distribution of wealth management products to the high net worth population in China. It distributes over-the-counter wealth management products originated in China which mainly includes fixed income products, private equity funds and securities investment funds. The Company also delivers to its clients a continuum of value-added services including financial planning, product analysis and recommendation, product and market updates and investor education. Noah Holdings Ltd is headquartered in Shenzhen, the Peoples' Republic of China.
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