Analyst Actions on Chinese Stocks: BIDU, CEA, CEO, CHA, CHU, EDU, LFC, LFT ... (Apr 28, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Goldman
Sachs maintained Buy rating on Baidu.com, Inc. (NASDAQ:BIDU), and raised price
target from $145 to $160. Citigroup maintained Buy rating on Baidu.com, Inc.
(NASDAQ:BIDU), and raised price target from $135 to $177. Morgan Stanley
maintained Equal-weight rating on Baidu.com, Inc. (NASDAQ:BIDU). JPMorgan
maintained Overweight rating on Baidu.com, Inc. (NASDAQ:BIDU), and raised price
target from $125 to $190. Credit Suisse reiterated Underperform rating on
Baidu.com, Inc. (NASDAQ:BIDU), and raised price target from $99 to $107. RBS
maintained Hold rating on China Eastern Airlines Corp. Ltd. (NYSE:CEA), with
HK$3.10 price target on the company's Hong Kong-listed shares. HSBC maintained
Overweight rating on CNOOC Limited (NYSE:CEO), and raised price target from
HK$23.50 to HK$23.85 on the company's Hong Kong-listed shares. Jefferies &
Company maintained Underperform rating on CNOOC Limited (NYSE:CEO), and cut
price target from HK$15 to HK$14 on the company's Hong Kong-listed shares.
Credit Suisse maintained Underperform rating and HK$4.28 price target on the
Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Daiwa
maintained Outperform rating and HK$5.00 price target on the Hong Kong-listed
shares of China Telecom Corporation Limited (NYSE:CHA). Morgan Stanley
maintained Underweight rating on China Telecom Corporation Limited (NYSE:CHA),
with HK$4.10 price target on the company's Hong Kong-listed shares. KIM ENG
upgraded China Unicom (Hong Kong) Limited (NYSE:CHU) from Hold to Buy, and
raised price target from HK$12.01 to HK$18.09 on the company's Hong Kong-listed
shares. Oppenheimer & Co. maintained Outperform rating on New Oriental Educatn &
Tech Grp Inc (NYSE:EDU), and raised price target from $125 to $156. Mirae Asset
Securities maintained Buy rating on New Oriental Educatn & Tech Grp Inc
(NYSE:EDU), and raised price target from $120 to $135. KIM ENG downgraded China
Life Insurance Company Ltd. (NYSE:LFC) from Buy to Hold, and cut price target
from HK$34.0 to HK$32.0 on the company's Hong Kong-listed shares. BMO Capital
Markets maintained Outperform rating and $50 price target on Longtop Financial
Technologies Ltd (NYSE:LFT). Roth Capital Partners maintained Buy rating on Noah
Holdings Limited (NYSE:NOAH), with $22 price target. Citigroup maintained Hold
rating and HK$12 price target on the Hong Kong-listed shares of PetroChina
Company Limited (NYSE:PTR). HSBC maintained Neutral rating and HK$11.50 price
target on the Hong Kong-listed shares of PetroChina Company Limited (NYSE:PTR).
Samsung Securities reiterated Buy rating and HK$5.55 price target on the Hong
Kong-listed shares of Sinopec Shanghai Petrochemical Co. (NYSE:SHI). Citigroup
maintained Buy rating and HK$12.30 price target on the Hong Kong-listed shares
of China Petroleum & Chemical Corp. (NYSE:SNP). RBS maintained Buy rating and
HK$8.90 price target on the Hong Kong-listed shares of China Petroleum &
Chemical Corp. (NYSE:SNP). Piper Jaffray reiterated Overweight rating on TAL
Education Group (NYSE:XRS), and maintained $19 price target. Daiwa maintained
Buy rating on China Southern Airlines Limited (NYSE:ZNH), and raised price
target from HK$4.50 to HK$4.80 on the company's Hong Kong-listed shares. RBS
maintained Buy rating on China Southern Airlines Limited (NYSE:ZNH), with
HK$4.75 price target on the company's Hong Kong-listed shares.