Tuesday, March 15, 2011

Analyst Actions on Chinese Stocks: AOB, BIDU, CEA, CHL, CHLN, CTRP, DANG, EJ ... (Mar 15, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Brean
Murray downgraded American Oriental Bioengineering, Inc. (NYSE:AOB) from Buy to
Hold, and removed price target. Credit Suisse reiterated Underperform rating on
Baidu.com, Inc. (NASDAQ:BIDU), and raised price target from $85.20 to $99. DBS
Vickers maintained Hold rating on China Eastern Airlines Corp. Ltd. (NYSE:CEA),
with HK$4 price target on the companys Hong Kong-listed shares. Deutsche Bank
maintained Hold rating and HK$87 price target on the Hong Kong-listed shares of
China Mobile Ltd. (NYSE:CHL). Global Hunter Securities reiterated Buy rating and
$5.50 price target on China Housing & Land Development, Inc. (NASDAQ:CHLN).
Piper Jaffray maintained Overweight rating and $50 price target on Ctrip.com
International, Ltd. (NASDAQ:CTRP). Credit Suisse maintained Neutral rating on E
Commerce China Dangdang Inc (NYSE:DANG), and reduced price target from $30.0 to
$24.5. Deutsche Bank maintained Buy rating on E-House (China) Holdings Limited
(NYSE:EJ), and cut price target from $21 to $17. Global Hunter Securities
reiterated Buy rating on Fushi Copperweld, Inc. (NASDAQ:FSIN), and cut price
target from $15 to $11.50. BMO Capital Markets reiterated Outperform rating on
SmartHeat Inc (NASDAQ:HEAT). Deutsche Bank maintained Buy rating and $31 price
target on HiSoft Technology International Limited (NASDAQ:HSFT). Bank of America
maintained Buy rating and $11.40 price objective on JA Solar Holdings Co., Ltd.
(NASDAQ:JASO). Roth Capital Partners maintained Buy rating on Jinpan
International Limited (NASDAQ:JST), and cut price target from $16.50 to $15.50.
Bank of America maintained Neutral rating and $14.50 price objective on LDK
Solar Co., Ltd. (NYSE:LDK). Credit Suisse maintained Neutral rating and HK$37
price target on the Hong Kong-listed shares of China Life Insurance Company Ltd.
(NYSE:LFC). Daiwa initiated coverage of China Life Insurance Company Ltd.
(NYSE:LFC) with Buy rating and HK$42.66 price target on the companys Hong
Kong-listed shares. Roth Capital Partners maintained Sell rating on China
Nepstar Chain Drugstore Ltd. (NYSE:NPD). Credit Suisse reiterated Outperform
rating on NetEase.com, Inc. (NASDAQ:NTES), and maintained $54.70 price target.
Piper Jaffray maintained Neutral rating on Simcere Pharmaceutical Group
(NYSE:SCR), and raised price target from $8.4 to $10. William Blair maintained
Outperform rating on ShangPharma Corp (NYSE:SHP). Global Hunter Securities
reiterated Buy rating and $6 price target on SinoHub Inc (NYSE:SIHI). Canaccord
Genuity reiterated Buy rating and $4 price target on SinoHub Inc (NYSE:SIHI).
Credit Suisse reiterated Outperform rating on SINA Corporation (NASDAQ:SINA),
and raised price target from $101.8 to $112.5. Credit Suisse maintained Neutral
rating on Sohu.com Inc. (NASDAQ:SOHU), and raised price target from $77.5 to
$91.5. Credit Suisse maintained Neutral rating on Seaspan Corporation
(NYSE:SSW), and raised price target from $12 to $15. Bank of America maintained
Buy rating on Seaspan Corporation (NYSE:SSW), and raised price objective from
$16 to $18. Brean Murray maintained Hold rating on Yongye International, Inc.
(NASDAQ:YONG).

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