Goldman Sachs Boosted Its Price Target on Baidu (BIDU) to $350

Goldman Sachs raised its price target on Baidu, Inc. (Nasdaq: BIDU) from $300 to $350 and raised 2009-2011 EPS estimates.

The firm expects Baidu to meet or beat their Q2 revenue forecast, have stable or improving operating margins, and positive implications from China blocking Google's (Nasdaq: GOOG) YouTube for most of the last three months.

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