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

February 17, 2012 9:56 AM EST Send to a Friend
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Price: $210.73 -3.32%

Rating Summary:
    19 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 14 | New: 19
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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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