China's manufacturing expanded in May, adding to signs the world's third-largest economy might be recovering from its slump, but growth was weak despite huge stimulus spending, according to two surveys released Monday.
Chinese manufacturing expands in May

Shanghai copper limit up as China PMI stays > 50

CWR Goldman: upgraded to buy from neutral
DMGT Citigroup: downgraded to sell from hold, tp reiterated 250
JPR Citigroup: reiterated hold
PSON ING: initiated buy, tp 760
SXS Goldman: upgraded to buy from neutral
TNI Citigroup: reiterated buy
TPT HSBC: downgraded to neutral from overweight, tp raised to 88 from 52

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