Friday, May 23, 2008

ATA (NASDAQ:ATAI): Tgt upped to $24 from $17 at Piper Jaffray

Piper Jaffray raises ATA (NASDAQ:ATAI) tgt to $24 from $17 saying they understand China's Ministry of Health has already given ATA control of its registration system and as such, expect tests will soon be delivered to the Ministry's doctor and possibly nurse population. Firm also learned the company has been in discussions for some time with the Ministry of Justice and believes a new testing relationship could be announced in the not too distant future.

Notablecalls: Thin name to keep on the radar as Piper's call seems pretty significant. - (as disted on NCN)

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