Analyst Actions on Chinese Stocks: BIDU, BORN, CAGC, CCM, CHU, CYOU, DANG, ISS ... (Jan 24, 2011)

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

ThinkEquity reiterated Buy rating on Baidu.com, Inc. (NASDAQ:BIDU), and raised price target from $130 to $135. Pacific Crest Securities maintained Outperform rating and $140 price target on Baidu.com, Inc. (NASDAQ:BIDU). Macquarie initiated coverage of Baidu.com, Inc. (NASDAQ:BIDU) with Outperform rating and $138 price target. Piper Jaffray reiterated Overweight rating and $22 price target on China New Borun Corp (NYSE:BORN). Chardan Capital Markets maintained Sell rating and $8 price target on China Agritech Inc. (NASDAQ:CAGC). JMP Securities reiterated Market Perform rating on Concord Medical Services Holding Ltd. (NYSE:CCM). Deutsche Bank maintained Hold rating and HK$11.40 price target on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU). Morgan Stanley maintained Overweight rating on China Unicom (Hong Kong) Limited (NYSE:CHU). Nomura reiterated Buy rating on China Unicom (Hong Kong) Limited (NYSE:CHU), and maintained HK$13.50 price target on the company's Hong Kong-listed shares. Standard Chartered downgraded China Unicom (Hong Kong) Limited (NYSE:CHU) from In-Line to Underperform, and raised price target from HK$10.5 to HK$11.3 on the company's Hong Kong-listed shares. Goldman Sachs maintained Neutral rating and $37 price target on Changyou.com Limited (NASDAQ:CYOU). Oppenheimer & Co. initiated coverage of E Commerce China Dangdang Inc (NYSE:DANG) with Perform rating. Needham & Company initiated coverage of iSoftStone Holdings Ltd (NYSE:ISS) with Buy rating and $25 price target. Morgan Stanley initiated coverage of iSoftStone Holdings Ltd (NYSE:ISS) with Equal-weight rating and $20.20 price target. Macquarie initiated coverage of Lentuo International Inc (NYSE:LAS) with Neutral rating and $7 price target. RBS upgraded Melco Crown Entertainment Ltd (NASDAQ:MPEL) from Hold to Buy, and raised price target from $6.50 to $9.30. China International Capital Corporation maintained Buy rating on Spreadtrum Communications, Inc. (NASDAQ:SPRD), and raised price target to $22.7. Piper Jaffray maintained Overweight rating and $19 price target on TAL Education Group (NYSE:XRS).

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tdp2664
China Analyst
Analyst Actions on Chinese Stocks: BIDU, BORN, CAGC, CCM, CHU, CYOU, DANG, ISS … (Jan 24, 2011)