Brean Capital Reiterates Buy on Baidu.com (BIDU) Following Investor Call

Brean Capital reiterated a Buy rating and $196.00 price target on Baidu.com (NASDAQ: BIDU) following an investor call with management.

Analyst Fawne Jiang commented, "Company expects the customer verification process for all categories to be completed by the end of 2016. As such, core search growth will likely gradually recover going into 2017 with overall better sentiment, a higher quality customer base and company’s refocus on operation and acquiring new customers."

For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.

Shares of Baidu closed at $169.83 yesterday.

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