Tuesday, May 17, 2011

Analyst Actions on Chinese Stocks: AMAP, CEO, CFSG, CHA, CHLN, CHU, CIS, CTC ... (May 17, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Goldman
Sachs reiterated Buy rating on AutoNavi Holdings Ltd (NASDAQ:AMAP). Deutsche
Bank initiated coverage of AutoNavi Holdings Ltd (NASDAQ:AMAP) with Buy rating
and $22 price target. Samsung Securities maintained Hold rating and HK$19.75
price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Roth
Capital Partners maintained Buy rating on China Fire & Security Group, Inc.
(NASDAQ:CFSG), and raised price target from $8.00 to $8.50. Credit Suisse
upgraded China Telecom Corporation Limited (NYSE:CHA) from Underperform to
Neutral, and raised price target from HK$4.28 to HK4.56 on the companys Hong
Kong-listed shares. Roth Capital Partners maintained Buy rating and $6 price
target on China Housing & Land Development, Inc. (NASDAQ:CHLN). Credit Suisse
maintained Outperform rating on China Unicom (Hong Kong) Limited (NYSE:CHU), and
raised price target from from HK$18.5 to HK$19 on the companys Hong Kong-listed
shares. Susquehanna Financial Group maintained Neutral rating and $19 price
target on Camelot Information Systems Inc (NYSE:CIS). Goldman Sachs maintained
Sell rating on IFM Investments Limited (NYSE:CTC), and reduced price target from
$3.95 to $2.31. William Blair maintained Market Perform rating on IFM
Investments Limited (NYSE:CTC). Goldman Sachs maintained Neutral rating on
Ctrip.com International, Ltd. (NASDAQ:CTRP), and cut price target from $42 to
$40. Morgan Stanley maintained Overweight rating on Ctrip.com International,
Ltd. (NASDAQ:CTRP). Bank of America maintained Neutral rating on Ctrip.com
International, Ltd. (NASDAQ:CTRP), and raised price objective from $48 to
$50.50. Macquarie maintained Outperform rating on E Commerce China Dangdang Inc
(NYSE:DANG), and reiterated $36 price target. Citigroup maintained Buy rating
and $6.20 price target on China Distance Education Hldgs Ltd (NYSE:DL). Needham
maintained Buy rating and $25 price target on iSoftStone Holdings Ltd
(NYSE:ISS). Roth Capital Partners reiterated Buy rating and $7 price target on
LJ International, Inc. (NASDAQ:JADE). China International Capital Corporation
maintained Buy rating on China Kanghui Holdings (NYSE:KH). Collins Stewart
maintained Sell rating on LDK Solar Co., Ltd (NYSE:LDK), and cut price target
from $11 to $8. Soleil Securities reiteated Sell rating on LDK Solar Co., Ltd
(NYSE:LDK), and cut price target from $8 to $6. Brean Murray reiterated Buy
rating on eLong, Inc. (NASDAQ:LONG), and raised price target from $17 to $20.
Guotai Junan maintained Accumulate rating on PetroChina Company Limited
(NYSE:PTR), and raised price target from HK$11.00 to HK$11.70 on the companys
Hong Kong-listed shares. Samsung Securities maintained Buy rating and HK$5.55
price target on the Hong Kong-listed shares of Sinopec Shanghai Petrochemical
Co. (NYSE:SHI). Rodman & Renshaw changed price target on SinoHub Inc (NYSE:SIHI)
to $5.50, with Market Outperform rating. Credit Suisse reiterated Outperform
rating on SINA Corporation (NASDAQ:SINA), and raised price target from $127.7 to
$140. Samsung Securities maintained Buy rating and HK$12.30 price target on the
Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). Brean
Murray maintained Buy rating on Sorl Auto Parts, Inc. (NASDAQ:SORL), and cut
price target from $15 to $9. Morgan Stanley maintained Overweight rating on
China Digital TV Holding Co., Ltd. (NYSE:STV). Piper Jaffray maintained Neutral
rating and $8 price target on China Digital TV Holding Co., Ltd. (NYSE:STV).
Brean Murray reiterated Buy rating and $18 price target on Tri-Tech Holding,
Inc. (NASDAQ:TRIT). Deutsche Bank maintained Buy rating on Trina Solar Limited
(NYSE:TSL), and reduced price target from $36.4 to $33.7. Credit Suisse
maintained Neutral rating on Trina Solar Limited (NYSE:TSL), and cut price
target from $28 to $20. Piper Jaffray reiterated Neutral rating on Trina Solar
Limited (NYSE:TSL), and maintained $27 price target. Collins Stewart maintained
Buy rating on Trina Solar Limited (NYSE:TSL), and cut price target from $41 to
$31. Roth Capital Partners maintained Buy rating and $12 price target on
Telestone Technologies Corporation (NASDAQ:TSTC). JPMorgan maintained Overweight
rating on VanceInfo Technologies Inc. (NYSE:VIT), and cut price target from $42
to $38. Kaufman Brothers maintained Hold rating on VanceInfo Technologies Inc.
(NYSE:VIT), and cut price target from $37 to $34. BNP Paribas maintained Hold
rating on VanceInfo Technologies Inc. (NYSE:VIT), and cut price target from $30
to $28. Macquarie upgraded Yanzhou Coal Mining Co. (NYSE:YZC) from Neutral to
Outperform, and raised price target from HK$31 to HK$32 on the companys Hong
Kong-listed shares.

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