Wednesday, January 12, 2011

Analyst Actions on Chinese Stocks: CEA, CHA, CHU, COGO, CTRP, HSFT, LFC, SINA (Jan 12, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Deutsche
Bank maintained Buy rating and HK$6 price target on the Hong Kong-listed shares
of China Eastern Airlines Corp. Ltd. (NYSE:CEA). Goldman Sachs maintained
Conviction Buy rating and HK$3.7 price target on the Hong Kong-listed shares of
China Telecom Corporation Limited (NYSE:CHA). Nomura maintained Buy rating and
HK$13.50 price target on the Hong Kong-listed shares of China Unicom (Hong Kong)
Limited (NYSE:CHU). Barclays Capital maintained Overweight rating on Cogo Group,
Inc. (NASDAQ:COGO), and raised price target from $9 to $10. Ticonderoga
Securities maintained Buy rating and $12.50 price target on Cogo Group, Inc.
(NASDAQ:COGO). Goldman Sachs maintained Neutral rating and $42 price target on
Ctrip.com International, Ltd. (NASDAQ:CTRP). Cowen and Company maintained
Outperform rating on HiSoft Technology International Limited (NASDAQ:HSFT). Bank
of America maintained Neutral rating on China Life Insurance Company Ltd.
(NYSE:LFC), and cut price objective from HK$39.51 to HK$34.19 on the companys
Hong Kong-listed shares. Credit Suisse reiterated Outperform rating on SINA
Corporation (NASDAQ:SINA), and raised price target from $73.0 to $97.1.

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