Tuesday, February 15, 2011

Analyst Actions on Chinese Stocks: BITA, CADC, CHL, CIS, DANG, EJ, HNP, HOLI ... (Feb 15, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Lazard
Capital Markets maintained Buy rating and $13 price target on Bitauto Hldg Ltd
(NASDAQ:BITA). Global Hunter Securities reiterated Buy rating and $7.50 price
target on China Advanced Con. Materials Gr. Inc (NASDAQ:CADC). Nomura maintained
Buy rating and HK$95 price target on the Hong Kong-listed shares of China Mobile
Ltd. (NYSE:CHL). Cowen and Company maintained Outperform rating on Camelot
Information Systems Inc (NYSE:CIS). Goldman Sachs initiated coverage of E
Commerce China Dangdang Inc (NYSE:DANG) with Neutral rating and $24 price
target. Lazard Capital Markets maintained Buy rating and $22 price target on
E-House (China) Holdings Limited (NYSE:EJ). JPMorgan maintained Neutral rating
on Huaneng Power International, Inc. (NYSE:HNP), and cut price target from
HK$4.70 to HK$4.40 on the companys Hong Kong-listed shares. Piper Jaffray
initiated coverage of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) with
Neutral rating and $18 price target. Roth Capital Partners maintained Buy rating
and $16 price target. Needham & Company reiterated Buy rating on JA Solar
Holdings Co., Ltd. (NASDAQ:JASO), and maintained $11 price target. Auriga
maintained Buy rating and $45 price target on JinkoSolar Holding Co., Ltd.
(NYSE:JKS). BOCI upgraded Sinopec Shanghai Petrochemical Co. (NYSE:SHI) from
Sell to Hold, and raised price target from HK$3.20 to HK$4.74 on the companys
Hong Kong-listed shares. Roth Capital Partners downgraded Sutor Technology Group
Ltd. (NASDAQ:SUTR) from Buy to Neutral, and cut price target from $4.00 to
$2.20.

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