Seeing a 50% upside, Citigroup ups Hollysys Automation Technologies (HOLI) to "buy." The stock...

|By:, SA News Editor

Seeing a 50% upside, Citigroup ups Hollysys Automation Technologies (HOLI) to "buy." The stock has been stung by its exposure to China's rail industry, even as its equipment was not implicated in the deadly July crash. Citi advises ignoring trains and focusing on factories and the "secular growth potential in industrial automation amid rising labor costs."