HSBC Starts Bearish Coverage on Baidu.com (BIDU)

June 19, 2009 7:40 AM EDT

HSBC initiates coverage on Baidu.com (Nasdaq: BIDU) with an Underweight rating and $244 price target, which represents 17% downside.

Baidu, Inc. provides Chinese language Internet search services primarily in the People's Republic of China and Japan.


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