China Mobile on the Move

StockJockey's avatar
by StockJockey
Wednesday, October 17, 2007 - 9:02 am

Originally Published In the News October 17, 2007 9:02 AM

Pali Capital has been a little stubborn with their price target for China Mobile (CHL-NYSE) but finally caved in today and raised it to $115 from $66. Domestic wireless service providers can only dream of the competitive situation in China, and with limited competition revenue growth should continue to run at a mid 20’%’s clip, which the likes of Verizon or Sprint can only dream about. No Position

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