Thursday, March 3, 2011

Analyst Actions on Chinese Stocks: ACH, AMBO, BONA, CCSC, CHA, CHL, CHU, CISG ... (Mar 2, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . BNP Paribas
maintained Buy rating on Aluminum Corp. of China Limited (NYSE:ACH), and cut
price target from HK$8.60 to HK$8.30 on the companys Hong Kong-listed shares.
RBS maintained Sell rating on on Aluminum Corp. of China Limited (NYSE:ACH), and
cut price target from HK$6.35 to HK$5.86 on the companys Hong Kong-listed
shares. Macquarie downgraded Aluminum Corp. of China Limited (NYSE:ACH) from
Neutral to Underperform, and cut price target from HK$7.5 to HK$6 on the
companys Hong Kong-listed shares. Macquarie maintained Outperform rating on
Ambow Education Holding Ltd (NYSE:AMBO), and cut price target from $16 to $12.
Signal Hill reiterated Buy rating on Ambow Education Holding Ltd (NYSE:AMBO).
Bank of America maintained Buy rating and $8.6 price objective on Bona Film
Group Limited (NASDAQ:BONA). Piper Jaffray maintained Overweight rating and $10
price target on Bona Film Group Limited (NASDAQ:BONA). Cowen and Company
maintained Outperform rating on Bona Film Group Limited (NASDAQ:BONA). Piper
Jaffray maintained Neutral rating and $27 price target on Country Syl Ckng
Restaurant Chain Co Ltd (NYSE:CCSC). Bank of America Maintain Neutral rating on
Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC), and cut price objective
from $32 to $25.50. Jefferies & Company maintained Buy rating and HK$5.4 price
target on the Hong Kong-listed shares of China Telecom Corporation Limited
(NYSE:CHA). Jefferies & Company maintained Hold rating and HK$51 price target on
the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Jefferies & Company
maintained Buy rating and HK$20 price target on the Hong Kong-listed shares of
China Unicom (Hong Kong) Limited (NYSE:CHU). JPMorgan maintained Neutral rating
and $20 price target on CNinsure Inc. (NASDAQ:CISG). Piper Jaffray reiterated
Underweight rating on CNinsure Inc. (NASDAQ:CISG), and maintained $14 price
target. Barclays Capital maintained Overweight rating and $11 price target on
Cogo Group, Inc. (NASDAQ:COGO). Bank of America maintained Buy rating on E-House
(China) Holdings Limited (NYSE:EJ), and reduced price objective from $24 to $19.
Jefferies & Company maintained Buy rating and �$14 price target on Fushi
Copperweld, Inc. (NASDAQ:FSIN). Roth Capital Partners maintained Buy rating and
$11.50 price target on Fushi Copperweld, Inc. (NASDAQ:FSIN). JPMorgan maintained
Overweight rating and $8 price target on Shanda Games Limited (NASDAQ:GAME).
Morgan Stanley maintained Overweight rating on Shanda Games Limited
(NASDAQ:GAME). Citigroup maintained Hold rating on Shanda Games Limited
(NASDAQ:GAME), and raised price target from $6.30 to $6.70. Piper Jaffray
maintained Neutral rating and $6.50 price target on Shanda Games Limited
(NASDAQ:GAME). Chardan Capital Markets reiterated Buy rating and $24 price
target on Zhongpin Inc. (NASDAQ:HOGS). Deutsche Bank maintained Buy rating on
HiSoft Technology International Limited (NASDAQ:HSFT), and cut price target from
$34 to $31. Stifel Nicolaus maintained Buy rating on HiSoft Technology
International Limited (NASDAQ:HSFT), and cut price target from $39 to $34.
Morgan Stanley maintained Overweight rating on Longtop Financial Technologies
Limited (NYSE:LFT). Janney Montgomery Scott maintained Buy rating and $44 fair
value estimate on Longtop Financial Technologies Limited (NYSE:LFT). Macquarie
maintained Outperform rating on Mindray Medical International Limited (NYSE:MR),
and cut price target from $35 to $33. Jefferies & Company maintained Buy rating
and �$31 price target on Mindray Medical International Limited (NYSE:MR).
Mirae Asset Securities maintained Buy rating and HK$12 price target on the Hong
Kong-listed shares of PetroChina Company Limited (NYSE:PTR). William Blair
reiterated Outperform rating on ShangPharma Corp (NYSE:SHP). Goldman Sachs
maintained Neutral rating on SINA Corporation (NASDAQ:SINA), and cut price
target from $85 to $78. JPMorgan maintained Neutral rating on SINA Corporation
(NASDAQ:SINA), and raised price target from $68 to $81. Citigroup maintained Buy
rating and $90 price target on SINA Corporation (NASDAQ:SINA). Morgan Stanley
reiterated Overweight rating on SINA Corporation (NASDAQ:SINA). JPMorgan
maintained Overweight rating and $47 price target on Shanda Interactive
Entertainment Ltd (NASDAQ:SNDA). Morgan Stanley maintained Equal-weight rating
on Shanda Interactive Entertainment Ltd (NASDAQ:SNDA). ThinkEquity maintained
Hold rating and $38 price target on Shanda Interactive Entertainment Ltd
(NASDAQ:SNDA). Daiwa maintained Outperform rating and HK$9.80 price target on
the Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP).
Credit Suisse maintained Neutral rating and $9.50 price target on ReneSola Ltd.
(NYSE:SOL). Auriga maintained Buy rating and $27 price target on ReneSola Ltd.
(NYSE:SOL). Collins Stewart maintained Neutral rating on ReneSola Ltd.
(NYSE:SOL), and cut price target from $12 to $10. Piper Jaffray maintained
Neutral rating and $8 price target on China Digital TV Holding Co., Ltd.
(NYSE:STV). Morgan Stanley maintained Overweight rating on China Digital TV
Holding Co., Ltd. (NYSE:STV). Auriga reiterated Buy rating and $9 price target
on China Digital TV Holding Co., Ltd. (NYSE:STV). Susquehanna Financial Group
maintained Positive rating and $40 price target on VanceInfo Technologies Inc.
(NYSE:VIT). Piper Jaffray reiterated Overweight rating on Wonder Auto
Technology, Inc. (NASDAQ:WATG), and maintained $11.50 price target. Oppenheimer
& Co. downgraded Wonder Auto Technology, Inc. (NASDAQ:WATG) from Outperform to
Perform, and removed $12 price target. Global Hunter Securities reiterated Buy
rating and $14 price target on Wonder Auto Technology, Inc. (NASDAQ:WATG).

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