Analyst Actions on Chinese Stocks: AMBO, CCM, CCSC, CDCS, CHU, CIS, COGO, DANG ... (May 19, 2011)

tdp2664
China Analyst

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks.

Goldman Sachs maintained Buy rating on Ambow Education Holding Ltd (NYSE:AMBO), and cut price target from $12 to $11. Bank of America maintained Underperform rating on Ambow Education Holding Ltd (NYSE:AMBO), and reduced price objective from $11.4 to $7.1. JPMorgan maintained Overweight rating on Concord Medical Services Hldg Ltd (NYSE:CCM), and cut price target from $8.40 to $7.00. Roth Capital Partners maintained Buy rating on Concord Medical Services Hldg Ltd (NYSE:CCM), and cut price target from $9 to $7.50. Credit Suisse maintained Neutral rating on Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC), and cut price target from $22.28 to $18.76. Bank of America downgraded Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC) from Neutral to Underperform, and cut price objective from HK$25.5 to $14. Piper Jaffray maintained Neutral rating on Country Syl Ckng Restaurant Chain Co Ltd (NYSE:CCSC), and cut price target from $27 to $17. Macquarie maintained Neutral rating and $6.50 price target on CDC Software Corp (NASDAQ:CDCS). Deutsche Bank reiterated Buy rating and HK$20 price target on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU). Yuanta reiterated Buy rating on China Unicom (Hong Kong) Limited (NYSE:CHU), and maintained HK$17.40 price target on the company's Hong Kong-listed shares. Cowen and Company maintained Outperform rating on Camelot Information Systems Inc (NYSE:CIS). Capstone Investments reiterated Buy rating and $12 price target on Cogo Group, Inc. (NASDAQ:COGO). Piper Jaffray reiterated Overweight rating on E Commerce China Dangdang Inc (NYSE:DANG), and maintained $25 price target. Goldman Sachs maintained Buy rating and $43 price target on Focus Media Holding Limited (NASDAQ:FMCN). Stifel Nicolaus maintained Buy rating and $28 price target on HiSoft Technology Internatnl Ltd (NASDAQ:HSFT). Roth Capital Partners reiterated Buy rating and $15 price target on KongZhong Corporation (NASDAQ:KONG). Cowen and Company maintained Outperform rating on Lentuo International Inc (NYSE:LAS). Goldman Sachs suspended rating and price target on Longtop Financial Technologies Ltd (NYSE:LFT). BMO Capital Markets maintained Outperform rating on Longtop Financial Technologies Ltd (NYSE:LFT). Credit Suisse maintained Outperform rating and $12.70 price target on Melco Crown Entertainment Ltd (NASDAQ:MPEL). RBS maintained Hold rating and $8.90 price target on Melco Crown Entertainment Ltd (NASDAQ:MPEL). Jefferies & Company maintained Hold rating on Melco Crown Entertainment Ltd (NASDAQ:MPEL), and raised price target from $9.00 to $9.60. Goldman Sachs maintained Neutral rating on NetEase.com, Inc. (NASDAQ:NTES), and raised price target from $52 to $53. Morgan Stanley reiterated Overweight rating on NetEase.com, Inc. (NASDAQ:NTES). JPMorgan maintained Overweight rating and $54 price target on NetEase.com, Inc. (NASDAQ:NTES). Citigroup maintained Buy rating and $16 price target on ShangPharma Corp (NYSE:SHP). Collins Stewart downgraded Suntech Power Holdings Co., Ltd. (NYSE:STP) from Buy to Neutral, and cut price target from $10 to $8. JPMorgan maintained Overweight rating and $38 price target on VanceInfo Technologies Inc. (NYSE:VIT). Janney Montgomery Scott maintained Neutral rating on Zuoan Fashion Ltd (NYSE:ZA). Cowen and Company reiterated Outperform rating on Zuoan Fashion Ltd (NYSE:ZA).