Monday, March 14, 2011

Analyst Actions on Chinese Stocks: ASIA, CAGC, CHA, CHL, CHU, CNIT, CRIC, CVVT ... (Mar 14, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Yesterday
Deutsche Bank maintained Buy rating and $24.75 price target on AsiaInfo-Linkage,
Inc. (NASDAQ:ASIA). Chardan Capital Markets reiterated Sell rating on China
Agritech Inc. (NASDAQ:CAGC), and removed price target on the stock. Goldman
Sachs reiterated Conviction Buy rating on China Telecom Corporation Limited
(NYSE:CHA), and maintained HK$5.4 price target on the companys Hong Kong-listed
shares. Goldman Sachs maintained Neutral rating and HK$87 price target on the
Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). HSBC maintained Neutral
rating on China Mobile Ltd. (NYSE:CHL), and reduced price target from HK$81 to
HK$79 on the companys Hong Kong-listed shares. Goldman Sachs maintained Neutral
rating and HK$13 price target on the Hong Kong-listed shares of China Unicom
(Hong Kong) Limited (NYSE:CHU). Rodman & Renshaw cut price target to $9 on China
Information Technology, Inc. (NASDAQ:CNIT), with Market Outperform rating.
Yesterday Credit Suisse maintained Outperfrom rating and $11 price target on
China Real Estate Information (NASDAQ:CRIC). Yesterday Piper Jaffray maintained
Overweight rating and $13 price target on China Valves Technology, Inc.
(NASDAQ:CVVT). Global Hunter Securities reiterated Buy rating and $18 price
target on Deer Consumer Products, Inc. (NASDAQ:DEER). Yesterday Credit Suisse
maintained Outperform rating on E-House (China) Holdings Limited (NYSE:EJ), and
cut price target from $20.60 to $17.60. Roth Capital Partners maintained Buy
rating and $11.50 price target on Fushi Copperweld, Inc. (NASDAQ:FSIN).
Jefferies & Company maintained Buy rating and $14 price target on Fushi
Copperweld, Inc. (NASDAQ:FSIN). Roth Capital Partners maintained Buy rating and
$8 price target on Funtalk China Holdings Ltd. (NASDAQ:FTLK). Yesterday Bank of
America reiterated Buy rating on Funtalk China Holdings Ltd. (NASDAQ:FTLK), and
maintained $7.5 price objective. Morgan Stanley maintained Equal-weight rating
on Home Inns & Hotels Management Inc. (NASDAQ:HMIN), and cut price target from
$51 to $43. Morgan Stanley maintained Overweight rating on China Lodging Group,
Ltd (NASDAQ:HTHT), and cut price target from $27 to $25. Piper Jaffray
downgraded JA Solar Holdings Co., Ltd. (NASDAQ:JASO) from Overweight to Neutral,
and cut price target from $14 to $7. Yesterday Yuanta maintained Hold rating and
HK$34 price target on the Hong Kong-listed shares of China Life Insurance
Company Ltd. (NYSE:LFC). Deutsche Bank reiterated Buy rating on Mindray Medical
International Ltd (NYSE:MR), and cut price target from $32 to $31. Yesterday
Citigroup reiterated Hold rating on Mindray Medical International Ltd (NYSE:MR),
and maintained $29 price target. Deutsche Bank maintained Sell rating and $34.30
price target on Shanda Interactive Entertainment Ltd (NASDAQ:SNDA). Piper
Jaffray maintained Overweight rating on ReneSola Ltd. (NYSE:SOL), and cut price
target from $24 to $14. Cantor Fitzgerald upgraded Seaspan Corporation
(NYSE:SSW) from Hold to Buy, and raised price target from $14 to $18. Lazard
Capital Markets reiterated Buy rating and $19 price target on Seaspan
Corporation (NYSE:SSW). Piper Jaffray downgraded Suntech Power Holdings Co.,
Ltd. (NYSE:STP) from Neutral to Underweight, and cut price target from $9 to $6.
Morgan Stanley maintained Equal-weight rating and $22 price target on 7 Days
Group Holdings Limited (NYSE:SVN). Yesterday Goldman Sachs maintained Conviction
Buy rating and $29 price target on 7 Days Group Holdings Limited (NYSE:SVN).
Brean Murray reiterated Buy rating and $18 price target on Tri-Tech Holding,
Inc. (NASDAQ:TRIT). Global Hunter Securities reiterated Buy rating and $16 price
target on Tri-Tech Holding, Inc. (NASDAQ:TRIT). Piper Jaffray downgraded Trina
Solar Limited (NYSE:TSL) from Overweight to Neutral, and cut price target from
$45 to $27. CCB International maintained Outperform rating and $40 price target
on VanceInfo Technologies Inc. (NYSE:VIT). Piper Jaffray downgraded Yingli Green
Energy Hold. Co. Ltd. (NYSE:YGE) from Overweight to Neutral, and cut price
target from $18 to $11. Roth Capital Partners reiterated Buy rating on Yongye
International, Inc. (NASDAQ:YONG), and maintained $17 price target. Nomura
maintained Buy rating and HK$30.4 price target on the Hong Kong-listed shares of
Yanzhou Coal Mining Co. (NYSE:YZC).

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