"Strong Buy" Rated U.S.-Listed Chinese Stocks (March 13, 2012)
Credit Suisse initiates coverage of New Oriental Education & Tech Grp (NYSE:EDU) with Outperform rating and $33.88 price target. Piper Jaffray maintains Neutral rating and $5 price target on Le Gaga Holdings Ltd (NASDAQ:GAGA). Roth Capital Partners reiterates Buy rating on LJ International, Inc. (NASDAQ:JADE), with $7 price target. William Blair maintains Market Perform rating on JinkoSolar Holding Co., Ltd. (NYSE:JKS). Roth Capital Partners reiterates Buy rating on Jinpan International Limited (NASDAQ:JST), with $14 price target. Roth Capital Partners maintains Buy rating on KongZhong Corporation (NASDAQ:KONG), and cuts price target from $7 to $6.50. Samsung Securities initiates coverage of LDK Solar Co., Ltd (NYSE:LDK) with Sell rating and $2.5 price target. Roth Capital Partners maintains Buy rating and $3 price target on Mecox Lane Limited (NASDAQ:MCOX). Goldman Sachs initiates coverage of the Hong Kong-listed shares of Melco Crown Entertainment Ltd (NASDAQ:MPEL) with Neutral rating and HK$30 price target. Credit Suisse maintains Outperform rating and $34 price target on Mindray Medical International Ltd (NYSE:MR). Piper Jaffray reiterates Overweight rating and $14 price target on NetQin Mobile Inc (NYSE:NQ). RBS maintains Buy rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and cuts price target from $34 to $28.5.
