Analyst Actions on Chinese Stocks: CEA, CHA, CHU, FMCN, GAME, HSOL, LFC, MPEL ... (Aug 23, 2011)

Date:2011-08-24qulina  Text Size:

Goldman Sachs reiterates Buy rating on China Eastern Airlines Corp. Ltd. (NYSE:CEA). Barclays Capital reiterates Overweight rating on China Telecom Corporation Limited (NYSE:CHA), and maintains HK$5.40 price target on the company's Hong Kong-listed shares. Credit Suisse maintains Neutral rating and HK$4.82 price target on the Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Yuanta maintains Buy rating and HK$5.30 price target on the Hong Kong-listed shares of China Telecom Corporation Limited (NYSE:CHA). Deutsche Bank maintains Buy rating and HK$20 price target on the Hong Kong-listed shares of China Unicom (Hong Kong) Limited (NYSE:CHU). Goldman Sachs reiterates Buy rating on Focus Media Holding Limited (NASDAQ:FMCN), and raises price target from $45 to $49. Morgan Stanley maintains Overweight rating on Focus Media Holding Limited (NASDAQ:FMCN). Deutsche Bank maintains Hold rating and $6.52 price target on Shanda Games Limited (NASDAQ:GAME). Collins Stewart maintains Buy rating on Hanwha Solarone Co Ltd (NASDAQ:HSOL), and cuts price target from $7.50 to $5.50. Citigroup maintains Hold rating on China Life Insurance Company Ltd. (NYSE:LFC), and reduces price target from HK$29.1 to HK$25.8 on the company's Hong Kong-listed shares. Bank of America reiterates Buy rating on Melco Crown Entertainment Ltd (NASDAQ:MPEL), and maintains $18 price objective. Macquarie maintains Outperform rating and $16.60 price target on Melco Crown Entertainment Ltd (NASDAQ:MPEL). Goldman Sachs maintains Sell rating on China Nepstar Chain Drugstore Ltd. (NYSE:NPD), and cuts price target from $2.5 to $2.3. HSBC maintains Underweight rating on PetroChina Company Limited (NYSE:PTR), and reduces price target from HK$10.5 to HK$8.0 on the company's Hong Kong-listed shares. Bank of America maintains Buy rating on Perfect World Co., Ltd. (NASDAQ:PWRD), and cuts price objective from $32 to $27.7. Cowen and Company maintains Neutral rating on ShangPharma Corp (NYSE:SHP). Janco Partners reiterates Buy rating on SINA Corporation (NASDAQ:SINA), and cuts price target from $129.95 to $121.15. HSBC reiterates Underweight rating on Suntech Power Holdings Co., Ltd. (NYSE:STP), and cuts price target from $6.10 to $4.0. Deutsche Bank maintains Buy rating and $20.90 price target on Trina Solar Limited (NYSE:TSL). Nomura maintains Buy rating and $25 price target on Trina Solar Limited (NYSE:TSL). Credit Suisse reiterates Outperform rating on TAL Education Group (NYSE:XRS), and raises price target from $14.9 to $16.9. Standard Chartered downgrades Yanzhou Coal Mining Co. (NYSE:YZC) from Outperform to In-Line, and cuts price target from HK$33.59 to HK$21.22 on the company's Hong Kong-listed shares.
 

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