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

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 companys 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).