Analyst Actions on Chinese Stocks: ACH, AMAP, AMCN, CEO, CHOP, CPGI, CTC, CVVT ... (Mar 8, 2011)

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

Credit Suisse maintained Outperform rating on Aluminum Corp. of China Limited (NYSE:ACH), and raised price target from HK$8.8 to HK$9.0 on the company's Hong Kong-listed shares. Goldman Sachs upgraded AutoNavi Holdings Ltd (NASDAQ:AMAP) from Neutral to Buy, and raised price target from $21 to $22. Piper Jaffray maintained Neutral rating and $7 price target on AirMedia Group Inc. (NASDAQ:AMCN). Morgan Stanley maintained Overweight rating on AirMedia Group Inc. (NASDAQ:AMCN). Mirae Asset Securities maintained Buy rating and HK$23 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Brean Murray initiated coverage of China Gerui Advanced Materials Group Limited (NASDAQ:CHOP) with Buy rating and $10 price target. Oppenheimer & Co. maintained Outperform rating and $7 price target on China Shengda Packaging Group Inc. (NASDAQ:CPGI). Goldman Sachs maintained Sell rating and $3.95 price target on IFM Investments Limited (NYSE:CTC). Oppenheimer & Co. maintained Outperform rating and $6 price target on IFM Investments Limited (NYSE:CTC). Brean Murray initiated coverage of China Valves Technology, Inc. (NASDAQ:CVVT) with Hold rating. Roth Capital Partners maintained Buy rating and $15 price target on Daqo New Energy Corp. (NYSE:DQ). Auriga maintained Buy rating on Daqo New Energy Corp. (NYSE:DQ), and reiterated $22 price target. Janco Partners upgraded Shanda Games Limited (NASDAQ:GAME) from Market Perform to Buy, and raised price target from $7.09 to $7.78. Goldman Sachs maintained Neutral rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and raised price target from $52.50 to $53. Morgan Stanley maintained Equal-weight rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN). JPMorgan maintained Overweight rating on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and raised price target from $54 to $55. Morgan Joseph upgraded Inc. Zhongpin Inc. (NASDAQ:HOGS) from Hold to Buy, with $23 price target. Stifel Nicolaus maintained Buy rating and $34 price target on HiSoft Technology International Limited (NASDAQ:HSFT). Brean Murray initiated coverage of LDK Solar Co., Ltd. (NYSE:LDK) with Buy rating and $18 price target. Collins Stewart downgraded LDK Solar Co., Ltd. (NYSE:LDK) from Hold to Sell, and cut price target from $12 to $9.50. Goldman Sachs maintained Buy rating and $28 price target on Perfect World Co., Ltd. (NASDAQ:PWRD). Credit Suisse upgraded Perfect World Co., Ltd. (NASDAQ:PWRD) from Underperform to Neutral, and cut price target from $26.5 to $24.7. Citigroup maintained Sell rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and cut price target from $25 to $24. Morgan Stanley maintained Overweight rating on Simcere Pharmaceutical Group (NYSE:SCR). Citigroup maintained Buy rating and $16 price target on Simcere Pharmaceutical Group (NYSE:SCR). Bank of America maintained Buy rating on China Petroleum & Chemical Corp. (NYSE:SNP), and reduced price objective from HK$11 to HK$10 on the company's Hong Kong-listed shares. Wells Fargo Securities maintained Outperform rating on Seaspan Corporation (NYSE:SSW). Brean Murray initiated coverage of Suntech Power Holdings Co., Ltd. (NYSE:STP) with Hold rating. Brean Murray initiated coverage of Trina Solar Limited (NYSE:TSL) with Buy rating and $35 price target. Brean Murray initiated coverage of Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) with Hold rating. Jefferies & Company reiterated Buy rating and $19 price target on Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE).

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tdp2664
China Analyst
Analyst Actions on Chinese Stocks: ACH, AMAP, AMCN, CEO, CHOP, CPGI, CTC, CVVT … (Mar 8, 2011)