CICC

CICC downgraded Baidu Inc (ADR) (NASDAQ: BIDU) from Buy to Hold. The price target for Baidu has been lowered from $258.00 to $212.00. Baidu shares have gained 25.25 percent over the past 52 weeks, while the S&P 500 index has surged 10.86 percent in the same period. Baidu shares rose 0.61...

Analysts at CICC upgraded NetEase, Inc. (NASDAQ: NTES) from Hold to Buy. The price target for NetEase has been raised from $105.00 to $136.00. NetEase shares have gained 64.92% over the past 52 weeks, while the S&P 500 index has surged 10.90% in the same period. NetEase shares climbed 0.84% to...

David Bain of Sterne Agee on Wednesday said that mass table revenue in Macau fell 8.0 percent during October, while VIP table revenue fell 30.8 percent during the same time period. The analyst expected a high-single digit mass growth and a mid-30 percent VIP table growth. Chris Kwai of CICC said in...

CICC reiterated its Buy rating on Taomee (NYSE: TAOM) and reduced its price target to $5 a share. CICC said, "Enriched product line, but low monetization strategy continues. Given the fierce online competition, Taomee is continuing with its low monetization strategy to increase user growth and...

CICC reduced its rating on Phoenix New Media Limited (NYSE: FENG) from Buy to Hold due to its lower-thanexpected results, weaker growth outlook and continuing margin pressure. CICC noted, "We believe that in a weak macro environment, online advertisers are likely to shift the tightened budget...

CICC maintains its Hold rating and $4.40 price target on Shanda Games (NASDAQ: GAME) following in-line results for Q1. CICC notes, "GAME has scheduled major upgrades with new game design engines and trend-fitting cross-server features for Mir II and Woool in 2H12, which we believe will...

According to a research report published this morning, CICC has downgraded Yingli Green Energy (NYSE: YGE) from Buy to Hold and lowered PT to $3.00. In the report, CICC said, "YGE is fully aware that its China-focused strategy will leave it extremely susceptible to pricing pressures, yet it bets...

CICC reiterates its Hold rating on Jiayuan.com International (NASDAQ: DATE) and reduces its price target on shares to $5. CICC notes, "Intense competitive pressure comes from new SNS-related competitors as well as existing peer competitors. [T]he company's strategic transition from offline...

According to a research report published this morning, CICC has decreased Baidu.com's (NASDAQ: BIDU) PT from $200 to $195. In the report, CICC explained, "We leave our 2012e earnings forecast roughly unchanged at US$4.7, but revise down 2013e 7% to US$6.5, mainly reflecting the company's...

In a research report published today by CICC, E Commerce China Dangdang (NYSE: DANG) has introduced self-branded products. According to CICC, “We raise our 2012 revenue growth forecast from 65.3% to 68.9% at Rmb6.1bn, mainly driven by the strong GM growth momentum from its product mix expansion...