UPDATE: CLSA Upgrades Baidu (BIDU) from Underperform to Buy
(Updated - July 25, 2013 11:20 AM EDT)
CLSA upgraded Baidu (NASDAQ: BIDU) from Underperform to Buy with a price target of $150. The change follows surprising revenue and faster-than-expected mobile monetization. Analyst Elinor Leung thinks Q2 is likely the bottom for Baidu, as margin declines narrow into Q4.
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 $113.37 yesterday, with a 52 week range of $82.98-$134.71.
CLSA upgraded Baidu (NASDAQ: BIDU) from Underperform to Buy with a price target of $150. The change follows surprising revenue and faster-than-expected mobile monetization. Analyst Elinor Leung thinks Q2 is likely the bottom for Baidu, as margin declines narrow into Q4.
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 $113.37 yesterday, with a 52 week range of $82.98-$134.71.