Morgan Stanley Names Baidu (BIDU) 'Short Research Tactical Idea'

February 17, 2012 9:56 AM EST
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Price: $176.48 --0%

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After initially trading higher following strong fourth-quarter results and guidance, Baidu (Nasdaq: BIDU) shares are now down about 2 percent.

While a number of analyst firms lifted estimates amid the quarterly report, one analyst at Morgan Stanley named the stock a "Short Research Tactical Idea," suggesting near-term downside.

Friday's move lower could simply be a prudent move by Baidu investors following a 20 percent surge since the beginning of 2012, or maybe a reaction to the concerning Morgan Stanly call.

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