Mizuho Starts Baidu (BIDU) at Buy, Sets $130 Price Target

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An analyst at Mizuho Securities initiated coverage on Baidu (NASDAQ: BIDU) with a Buy rating and a $130 price target.

The Buy rating on Baidu, often referred to as "the Chinese Google," is the firm's most bullish rating, above an Outperform rating.

With Baidu shares down 0.2% to $107.70 this morning, Mizuho's new price target implies potential upside of about 21%.

For more ratings news on Baidu click here and for the rating history of Baidu click here.

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