Analyst Actions on Chinese Stocks: AUTC, BIDU, CEO, CHA, CRIC, DEER, EJ, HNP ... (Mar 11, 2011)

"Strong Buy" Rated U.S.-Listed Chinese Stocks (March 13, 2012)

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


Rodman & Renshaw downgraded AutoChina International Limited (NASDAQ:AUTC) from Market Outperform to Market Perform. Susquehanna Financial Group reiterated Positive rating on Baidu.com, Inc. (NASDAQ:BIDU), and raised price target from $135 to $150. Standard Chartered maintained Outperform rating and HK$22 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). DBS Vickers maintained Buy rating and HK$4.90 price target on the Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Jefferies & Company Reiterated Buy rating and $11.6 price target on China Real Estate Information Corporation (NASDAQ:CRIC). William Blair maintained Market Perform rating on China Real Estate Information Corporation (NASDAQ:CRIC). William Blair downgraded Deer Consumer Products, Inc. (NASDAQ:DEER) from Outperform to Market Perform. Goldman Sachs maintained Neutral rating on E-House (China) Holdings Limited (NYSE:EJ), and cut price target from $19.97 to $13.55. Bank of America downgraded E-House (China) Holdings Limited (NYSE:EJ) from Buy to Neutral, and cut price objective from $19 to $12. Nomura downgraded Huaneng Power International, Inc. (NYSE:HNP) from Buy to Neutral, and cut price target from HK$5.30 to HK$4.78 on the company's Hong Kong-listed shares. Nomura maintained Buy rating on PetroChina Company Limited (NYSE:PTR), and raised price target from HK$13.00 to HK$13.50 on the company's Hong Kong-listed shares. Morgan Stanley maintained Equal-weight rating on PetroChina Company Limited (NYSE:PTR), and raised price target from HK$9.40 to HK$11.80 on the company's Hong Kong-listed shares. Guotai Junan downgraded SINA Corporation (NASDAQ:SINA) to Neutral, and raised price target from $60 to $86. Standard Chartered maintained In-Line rating and HK$8 price target on the Hong Kong-listed shares of China Petroleum & Chemical Corp. (NYSE:SNP). Morgan Stanley maintained Equal-weight rating on Sinovac Biotech Ltd. (NASDAQ:SVA). Piper Jaffray maintained Overweight rating on Tri-Tech Holding, Inc. (NASDAQ:TRIT), and cut price target from $19 to $17.50. Samsung Securities initiated coverage of China Xiniya Fashion Ltd (NYSE:XNY) with Buy rating and $11 price target.

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