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China Unicom Ltd (NYSE: CHU) reiterated to Underperform by Bernstein

Thursday,  Oct 17, 2013  9:25 AM ET by Lynn Gilbert

Bernstein reiterated China Unicom Ltd (NYSE: CHU) to Underperform. Previously, Bernstein
rated China Unicom Ltd (NYSE: CHU) to Underperform with price target $10.30 on 01/13/2010, when the stock price was valued at $12.84.

China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People's Repulic of China.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.

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