Wednesday, December 1, 2010

Analyst Actions on Chinese Stocks: CCM, CCSC, CHL, CO, CTC, FTLK, GAME, MPEL ... (Dec 1, 2010)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Brean
Murray initiated coverage of Concord Medical Services Holding Ltd. (NYSE:CCM)
with Buy rating and $9 price target. Bank of America maintained Neutral rating
and $31.80 price target on Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC).
Nomura maintained Buy rating and HK$95 price target on the Hong Kong-listed
shares of China Mobile Ltd. (NYSE:CHL). Brean Murray initiated coverage of China
Cord Blood Corp (NYSE:CO) with Buy rating and $6.50 price target. Goldman Sachs
maintained Sell rating and $3.95 price target on IFM Investments Limited
(NYSE:CTC). Roth Capital Partners maintained Buy rating and $8 price target on
Funtalk China Holdings Ltd. (NASDAQ:FTLK). Goldman Sachs maintain our Neutral
rating on  Shanda Games Limited (NASDAQ:GAME), and cut price target from $6.70
to $6. Sterne, Agee & Leach reiterated Buy rating on Melco Crown Entertainment
Ltd (NASDAQ:MPEL), and maintained $8.50 price target. Roth Capital Partners
maintained Neutral rating and $3.50 price target on China Nepstar Chain
Drugstore Ltd. (NYSE:NPD). Brean Murray initiated coverage of China Nepstar
Chain Drugstore Ltd. (NYSE:NPD) with a Hold rating. Piper Jaffray maintained
Neutral rating and $41.50 price target on Shanda Interactive Entertainment Ltd
(NASDAQ:SNDA). BNP Paribas maintained Hold rating on Shanda Interactive
Entertainment Ltd (NASDAQ:SNDA), and cut price target from $39 to $36. Yesterday
ICBC International Securities initiated coverage of China Petroleum & Chemical
Corp. (NYSE:SNP) with Buy rating and HK$9.56 price target on the companys Hong
Kong-listed shares. Auriga USA initiated coverage of ReneSola Ltd. (NYSE:SOL)
with Buy rating and $20 price target. Credit Suisse maintained Neutral rating on
Trina Solar Limited (NYSE:TSL), and cut price target from $21 to $17. Citigroup
maintained Buy rating on Trina Solar Limited (NYSE:TSL), and cut price target
from $39 to $35. Needham & Company maintained Hold rating on Vimicro
International Corporation (NASDAQ:VIMC). Morgan Stanley initiated coverage of
TAL Education Group (NYSE:XRS) with Overweight rating.

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