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ADRs in Focus: Mindray Medical ADRs climb on 1Q earns



08 May 2008 @ 04:52 pm EST

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MR 35.97 -0.6
DSCP 46 -0.04

SYMBOL LOOKUP

The analyst assigned a target price of $45, meaning he expects the stock to gain 27 percent over its closing price Wednesday.

The broader Asian ADR market climbed Thursday. The Bank of New York Asia ADR Index rose 0.27 points to 163.90. ADRs, or American Depositary Receipts, are securities that allow overseas companies to trade on U.S. markets.

The Bank of New York Composite ADR index gained 1.45 points to 183.73.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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