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Hudson Securities Initiates Coverage on China XD Plastics (CXDC) with a Buy

Hudson Securities initiates coverage on China XD Plastics (Nasdaq: CXDC) with a Buy rating. PT $8. Hudson analyst says, "We believe there is a sustainable market demand for passenger cars from untapped first time buyer in the second to forth tier cities and the aging registered passenger cars owners looking for replacements and upgrades. For...

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