Thursday, November 25, 2010

Analyst Actions on Chinese Stocks: CEO, CHA, CMED, FMCN, PTR, SNP, YZC (Nov 25, 2010)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Standard
Chartered maintained Outperform rating on CNOOC Limited (NYSE:CEO), and raised
price target from HK$19 to HK$22 on the companys Hong Kong-listed shares. Nomura
maintained Neutral rating and HK$4.80 price target on the Hong Kong-listed
shares of China Telecom Corporation Limited (NYSE:CHA). Morgan Stanley
maintaiend Equal-weight rating on China Medical Technologies, Inc.
(NASDAQ:CMED), and raised price target from $13.30 to $14.50. Credit Suisse
reiterated Outperform rating on Focus Media Holding Limited (NASDAQ:FMCN), and
raised price tarfget from $29.0 to $30.1. Standard Chartered upgraded PetroChina
Company Limited (NYSE:PTR) from In-Line to Outperform, and raised price target
from HK$11.00 to HK$11.50 on the companys Hong Kong-listed shares. Nomura
maintained Buy rating on China Petroleum & Chemical Corp. (NYSE:SNP), and raised
price target from HK$8.50 to HK$9.60 on the companys Hong Kong-listed shares.
Standard Chartered reiterated In-Line rating on China Petroleum & Chemical Corp.
(NYSE:SNP), and maintained HK$8 price target on the companys Hong Kong-listed
shares. DBS Vickers maintained Buy rating and HK$26 price target on the Hong
Kong-listed shares of Yanzhou Coal Mining Co. (NYSE:YZC).

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