Wednesday, April 13, 2011

Analyst Actions on Chinese Stocks: BIDU, CEA, HSOL, JASO, LAS, LFC, LIWA, PUDA ... (Apr 13, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Jefferies &
Company initiated coverage of Baidu.com, Inc. (NASDAQ:BIDU) yesterday with Buy
rating and $200 price target. Bank of America reiterated Buy rating on China
Eastern Airlines Corp. Ltd. (NYSE:CEA), with HK$4.35 price objective on the
companys Hong Kong-listed shares. Canaccord Genuity maintained Buy rating on
Hanwha Solarone Co Ltd (NASDAQ:HSOL), and cut price target from $15 to $8.
Auriga maintained Buy rating on JA Solar Holdings Co., Ltd. (NASDAQ:JASO), and
cut price target from $11 to $8. Cowen and Company reiterated Outperform rating
on Lentuo International Inc (NYSE:LAS). Ping An Securities maintained Recommend
rating on the Shanghai-listed shares of China Life Insurance Company Ltd.
(NYSE:LFC). Global Hunter Securities reiterated Buy rating and $20 price target
on Lihua International, Inc. (NASDAQ:LIWA). Brean Murray dropped coverage of
Puda Coal, Inc (NYSE:PUDA). Jefferies & Company initiated coverage of SINA
Corporation (NASDAQ:SINA) yesterday with Buy rating and $150 price target. DBS
Vickers reinstated coverage of China Petroleum & Chemical Corp. (NYSE:SNP) with
Hold rating and HK$8.50 price target on the companys Hong Kong-listed shares.
Chardan Capital Markets reiterated Buy rating on Spreadtrum Communications, Inc
(NASDAQ:SPRD), with $29 price target.

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