Monday, April 11, 2011

Analyst Actions on Chinese Stocks: CHU, CTRP, ISS, KONG, LDK, PTR, STP, YGE ... (Apr 11, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Nomura
reiterated Buy rating on China Unicom (Hong Kong) Limited (NYSE:CHU), and
maintained HK$15.80 price target on the companys Hong Kong-listed shares.
Yesterday Credit Suisse maintained Outperform rating and HK$15.20 price target
on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU).
Goldman Sachs maintained Neutral rating and $42 price target on Ctrip.com
International, Ltd. (NASDAQ:CTRP). Needham & Company reiterated Buy rating on
iSoftStone Holdings Ltd (NYSE:ISS), and maintained $25 price target. Roth
Capital Partners reiterated Buy rating on KongZhong Corporation (NASDAQ:KONG),
and raised price target from $10 to $15. Yuanta dropped coverage of LDK Solar
Co., Ltd (NYSE:LDK). Mirae Asset Securities maintained Buy rating on PetroChina
Company Limited (NYSE:PTR), and raised price target from HK$12 to HK$16 on the
companys Hong Kong-listed shares. Yuanta dropped coverage of Suntech Power
Holdings Co., Ltd. (NYSE:STP). Auriga maintained Buy rating on Yingli Green
Energy Hold. Co. Ltd. (NYSE:YGE), and cut price target from $18 to $14.50.
Yuanta dropped coverage of Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE). Credit
Suisse maintained Neutral rating on Yanzhou Coal Mining Co. (NYSE:YZC), and
raised price target from HK$27.3 to HK$34.7 on the companys Hong Kong-listed
shares. Janney Montgomery Scott maintained Neutral rating and $8 price target on
Zuoan Fashion Ltd (NYSE:ZA). JPMorgan maintained Underweight rating and HK$4.70
price target on the Hong Kong-listed shares of China Southern Airlines Limited
(NYSE:ZNH).

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