Zacks Investment Research downgraded shares of FEIHE INTL INC (ADY) from OUTPERFORM to NEUTRAL on August 13, 2012, with a target price of $7.60.
Feihe International, Inc., formerly known as American Dairy Inc., operates as producer and distributor of premium infant formula, milk powder, and soybean, rice and walnut products in the People's Republic of China. It also offers cream, skim milk powder, full milk powder, butter, cheese, and other related milk powder products, as well as markets and distributes water and cheese for children. Feihi also process and distributes semi-finished milk powder to beverage manufacturers and other wholesalers for use in their blended drink products. The company makes products that are specially formulated for particular ages, dietary needs and health concerns using proprietary processing techniques. Feihe International, Inc is headquartered in Beijing, Peoples' Republic of China.
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