Analyst Actions on Chinese Stocks: CCM, CHA, CHL, CREG, CTE, CTRP, GFRE, JKS (May 18, 2011)

tdp2664
China Analyst

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

Morgan Stanley reiterated Overweight rating on Concord Medical Services Hldg Ltd (NYSE:CCM). Nomura maintained Neutral rating and HK$4.9 price target on the Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Macquarie reiterated Underperform rating on China Telecom Corporation Limited (NYSE:CHA), and cut price target from HK$4.00 to HK$3.85 on the company's Hong Kong-listed shares. DBS Vickers maintained Buy rating and HK$82 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Yuanta reiterated Hold rating and HK$75 price target on the Hong Kong-listed shares of China Mobile Ltd. (NYSE:CHL). Gar Wood Securities maintained Buy rating and $6 price target on China Recycling Energy Corp. (NASDAQ:CREG). Lazard Capital Markets reiterated Buy rating on Sinotech Energy Ltd (NASDAQ:CTE), and maintained $11 price target. Mirae Asset Securities maintained Buy rating on Ctrip.com International, Ltd. (NASDAQ:CTRP), and reduced price target from $52 to $51. Brean Murray maintained Buy rating and $10 price target on Gulf Resources, Inc. (NASDAQ:GFRE). Credit Suisse reinstated coverage of JinkoSolar Holding Co., Ltd. (NYSE:JKS) with Outperform rating and $36 price target. William Blair downgraded Longtop Financial Technologies Ltd (NYSE:LFT) from Outperform to Market Perform. Piper Jaffray reiterated Overweight rating on Sky mobi Ltd (NASDAQ:MOBI), and maintained $15 price target. Deutsche Bank maintained Buy rating and $54 price target on NetEase.com, Inc. (NASDAQ:NTES). Piper Jaffray maintained Neutral rating and $48 price target on NetEase.com, Inc. (NASDAQ:NTES). Morgan Stanley reiterated Overweight rating on Simcere Pharmaceutical Group (NYSE:SCR). Goldman Sachs reiterated Buy rating on SouFun Holdings Limited (NYSE:SFUN), and maintained $31 price target. Roth Capital Partners maintained Neutral rating on SkyPeople Fruit Juice, Inc. (NASDAQ:SPU), and reduced price target from $4.50 to $4.00. Deutsche Bank maintained Buy rating and $27 price target on Seaspan Corporation (NYSE:SSW). Brigantine Advisors maintained Hold rating on Suntech Power Holdings Co., Ltd. (NYSE:STP). Piper Jaffray maintained Neutral rating and $5.10 price target on Sinovac Biotech Ltd. (NASDAQ:SVA). Jefferies & Company maintained Buy rating on Trina Solar Limited (NYSE:TSL), and cut price target from $38 to $30. HSBC reiterated Underweight rating on Trina Solar Limited (NYSE:TSL), and reduced price target from $27 to $22. Auriga reiterated Buy rating and $41 price target on Trina Solar Limited (NYSE:TSL). Nomura maintained Buy rating on Trina Solar Limited (NYSE:TSL), and cut price target from $39 to $34. Citigroup maintained Buy rating and HK$37.99 price target on the Hong Kong-listed shares of Yanzhou Coal Mining Co. (NYSE:YZC).