Thursday, April 7, 2011

Analyst Actions on Chinese Stocks: ASIA, CEO, CHC, CHL, CIS, COGO, EDS, SNP ... (Apr 7, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . BNP Paribas
reiterated Buy rating on AsiaInfo-Linkage, Inc. (NASDAQ:ASIA), and raised price
target from $26.60 to $27.38. DBS Vickers maintained Buy rating and HK$22.6
price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Morgan
Joseph maintained Buy rating and $15 price target on China Hydroelectric
Corporation (NYSE:CHC). Deutsche Bank maintained Hold rating on China Mobile
Ltd. (NYSE:CHL), and cut price target from HK$87 to HK$80 on the companys Hong
Kong-listed shares. Nomura maintained Buy rating and HK$90 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).
Canaccord Genuity reiterated Buy rating and $13 price target on Cogo Group, Inc.
(NASDAQ:COGO). Capstone Investments initiated coverage of Cogo Group, Inc.
(NASDAQ:COGO) with Buy rating and $12 price target. Global Hunter Securities
reiterated Buy rating and $14 price target on Exceed Co Ltd (NASDAQ:EDS). Morgan
Joseph reiterated Buy rating and $13 price target on Exceed Co Ltd (NASDAQ:EDS).
Daiwa maintained Outperform rating and HK$9.80 price target on the Hong
Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). Bank of
America downgraded Seaspan Corporation (NYSE:SSW) from Buy to Underperform, and
maintained $18 price objective.

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