Analyst Actions on Chinese Stocks: BIDU, CEO, CHU, CYOU, DQ, EDU, HOGS, LDK ... (Jul 19, 2011)
Below are today’s Analyst Actions on U.S.-Listed Chinese Stocks.
Standard Chartered maintained Outperform rating and $175 price target on Baidu.com, Inc. (NASDAQ:BIDU). Jefferies maintained Buy rating and $200 price target on Baidu.com, Inc. (NASDAQ:BIDU). Citigroup maintained Buy rating and HK$21.40 price target on the Hong Kong-listed shares of CNOOC Limited (NYSE:CEO). Mirae Asset Securities downgraded China Unicom (Hong Kong) Limited (NYSE:CHU) from Buy to Hold, and reduced price target from HK$18 to HK$16 on the company's Hong Kong-listed shares. Mirae Asset Securities maintained Buy rating and $52 price target on Changyou.com Limited (NASDAQ:CYOU). Collins Stewart maintained Sell rating and $5.50 price target on Daqo New Energy Corp. (NYSE:DQ). Goldman Sachs maintained Conviction Buy rating on New Oriental Educatn & Tech Grp Inc (NYSE:EDU), and raised price target from $142 to $150. Mirae Asset Securities maintained Buy rating on New Oriental Educatn & Tech Grp Inc (NYSE:EDU), and raised price target from $135 to $145. Piper Jaffray Reiterated Overweight rating on Zhongpin Inc. (NASDAQ:HOGS), and maintained $26.50 price target. Cowen and Company reiterated Outperform rating on Zhongpin Inc. (NASDAQ:HOGS). Collins Stewart maintained Sell rating and $6.00 price target on LDK Solar Co., Ltd (NYSE:LDK). China International Capital Corporation initiated coverage of Noah Holdings Limited (NYSE:NOAH) with Buy rating and $20 price target. Citigroup maintained Hold rating and HK$12 price target on the Hong Kong-listed shares of PetroChina Company Limited (NYSE:PTR). JPMorgan downgraded Semiconductor Manufacturing Int'l (NYSE:SMI) from Neutral to Underweight, and cut price target from HK$0.60 to HK$0.45 on the company's Hong Kong-listed shares. RBS reiterated Buy rating on Spreadtrum Communications, Inc (NASDAQ:SPRD), and maintained $33 price target. Pacific Crest Securities initiated coverage of Taomee Holdings Ltd. (NYSE:TAOM) with Sector Perform rating.