Zacks Investment Research upgraded shares of COGO GROUP INC (COGO) from NEUTRAL to OUTPERFORM on July 10, 2012, with a target price of $2.00.
COGO GROUP INC. is a leading provider of customized module and subsystem design solutions in China. The Company believes it acts as a proxy to China's technology industry as it works with virtually all the major ODMs and OEMs in China. Cogo leverages these relationships and combines their IP to create designs that Cogo then sells to electronic manufacturers. These designs allow manufacturers to reduce their time to market for new products and ultimately increase sales. Cogo Group focuses on the digital media, mobile handset and telecommunications equipment end-markets for its customized design modules while also offering business and engineering services to its large telecom equipment vendor customers.
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