UBS Raises Baidu (BIDU) to Buy, Ups Price Target to $92
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Price: $96.45 +2.73%
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 7 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade BIDU Now!
UBS has upgraded shares of Baidu (Nasdaq: BIDU) from Neutral to Buy this morning and also raised its price target on the stock from $69 to $92.
The upgrade follows Q2 results from Baidu on Wednesday night. The stock rose modestly yesterday, up about 1.6% . Notably, shares of Baidu are indicated about 1.3% higher this morning.
With the stock last trading around $75.40, the firm's new price target implies potential upside of about 22%.
To track all the analyst action on shares of Baidu following its quarterly report, visit our Analyst Ratings page.
Baidu, Inc. provides Chinese and Japanese language Internet search services.
The upgrade follows Q2 results from Baidu on Wednesday night. The stock rose modestly yesterday, up about 1.6% . Notably, shares of Baidu are indicated about 1.3% higher this morning.
With the stock last trading around $75.40, the firm's new price target implies potential upside of about 22%.
To track all the analyst action on shares of Baidu following its quarterly report, visit our Analyst Ratings page.
Baidu, Inc. provides Chinese and Japanese language Internet search services.
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