Roth Capital raises its rating on Hollysys Automation (HOLI +19%) to Buy from Hold, with a $10...

|By:, SA News Editor

Roth Capital raises its rating on Hollysys Automation (HOLI +19%) to Buy from Hold, with a $10 price target, in the wake of yesterday's report on July's fatal Chinese bullet train collision. The conclusions about the incident did not identify HOLI's systems as problematic, which Roth says removes "an overhang" and means contract activity should resume next quarter.