Analyst Actions on Chinese Stocks: AMBO, ASIA, BORN, CADC, CAST, CHA, CHOP, CJJD ... (Nov 16, 2010)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.

Macquarie maintained Outperform rating and $16 price target on Ambow Education Holding Ltd (NYSE:AMBO). Susquehanna Financial Group maintained Positive rating and $26 price target on AsiaInfo-Linkage, Inc. (NASDAQ:ASIA). Cowen and Company reiterated Outperform rating on China New Borun Corp (NYSE:BORN). Roth Capital Partners maintained Buy rating on China Advanced Con. Materials Gr. Inc (NASDAQ:CADC), and cut price target from $9 to $8. Global Hunter Securities maintained Buy rating and $10 price target on Chinacast Education Corporation (NASDAQ:CAST). Credit Suisse maintained Neutral rating on China Telecom Corporation Limited (NYSE:CHA), and raised price target from HK$3.95 to HK$4.40 on the company's Hong Kong-listed shares. Global Hunter Securities maintained Neutral rating on China Gerui Advanced Materials Group Limited (NASDAQ:CHOP). Madison Williams reiterated Buy rating and $10 price target on China Jo Jo Drugstores Inc (NASDAQ:CJJD). Jefferies & Company initiated coverage of China Cord Blood Corp (NYSE:CO) with Buy rating and $5.50 price target. Roth Capital Partners maintained Buy rating on China Ritar Power Corp. (NASDAQ:CRTP), and cut price target from $6.00 to $4.50. Macquarie maintained Neutral rating on China Sunergy Co., Ltd. (NASDAQ:CSUN), and raised price target from $6 to $6.25. Deutsche Bank upgraded Ctrip.com International, Ltd. (NASDAQ:CTRP) from Sell to Hold, and raised price target from $39 to $46. Piper Jaffray initiated coverage of Daqo New Energy Corp. (NYSE:DQ) with Overweight rating and $17 price target. Auriga USA reiterated Buy rating and $29 price target on Focus Media Holding Limited (NASDAQ:FMCN). Collins Stewart reiterated Buy rating on JinkoSolar Holding Co., Ltd. (NYSE:JKS), and raised price target from $34 to $43. Deutsche Bank maintained Buy rating and $45 price target on Longtop Financial Technologies Limited (NYSE:LFT). Janney Montgomery Scott maintained Buy rating on Longtop Financial Technologies Limited (NYSE:LFT). William Blair maintained Outperform rating on Longtop Financial Technologies Limited (NYSE:LFT). Brean Murray maintained Buy rating and $18 price target on Puda Coal, Inc (AMEX:PUDA). Citigroup downgraded Perfect World Co., Ltd. (NASDAQ:PWRD) from Buy to Sell, and cut price target from $32 to $29. Credit Suisse downgraded Perfect World Co., Ltd. (NASDAQ:PWRD) from Outperform to Underperform, and cut price target from $30.0 to $26.5. Bank of America maintained Buy rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and raised price objective from $30 to $34. Morgan Stanley reiterated Overweight rating on Perfect World Co., Ltd. (NASDAQ:PWRD). Credit Agricole Securities maintained Buy rating on SINA Corporation (NASDAQ:SINA), and raised price target from $63 to $76. Piper Jaffray maintained Overweight rating and $16 price target on 3SBio Inc. (NASDAQ:SSRX). Morgan Stanley reiterated Overweight rating on 3SBio Inc. (NASDAQ:SSRX). Piper Jaffray maintained Overweight rating and $8.80 price target on Sinovac Biotech Ltd. (NASDAQ:SVA). Brean Murray maintained Buy rating on Tri-Tech Holding, Inc. (Public, NASDAQ:TRIT), and cut price target from $21 to $18. JPMorgan upgraded WuXi PharmaTech (Cayman) Inc. (NYSE:WX) from Neutral to Overweight, and raised price target from $17 to $21.

tdp2664
China Analyst
Analyst Actions on Chinese Stocks: AMBO, ASIA, BORN, CADC, CAST, CHA, CHOP, CJJD … (Nov 16, 2010)