09:35 EJ E-House China tgt raised to $35 from $23 at Lazard (30.45 +1.80)
Lazard raised their tgt to $35 from $23 after the co reported Q3 results ahead of their estimates. Firm believes that a robust pipeline of new projects and developer relationships bodes well for another year of strong growth in 2008. Moreover, firm expects the high-margin primary segment to be the key driver for at least the next 2-3 years. Firm does expect an accounting review regarding related entities to impact ongoing business.