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Stock Market & Financial Investment News

News Breaks
January 10, 2014
11:23 EDTBIDU, QIHUBaidu rises after analyst upgrades stock
Shares of Chinese Internet search engine Baidu (BIDU) are advancing after research firm Maxim Group upgraded the stock in a note to investors earlier today. WHAT'S NEW: Baidu is the leader in both the PC and mobile search markets in China, Maxim analyst Echo He wrote in a note to investors. Moreover, the growth of Baidu's average revenue per user accelerated in the third quarter, demonstrating the company's pricing power and growing ad revenues, He contended. She thinks the factors pushing up the company's profit margins are likely to outweigh those pulling it down going forward. The analyst upgraded the stock to Buy from Hold, and set a $200 price target on the shares. WHAT'S NOTABLE: One of Baidu's key competitors in the Chinese Internet search market is Qihoo 360 (QIHU). PRICE ACTION: In late morning trading, Baidu.com rose $2.80, or 1.6%, to $178.
News For BIDU;QIHU From The Last 14 Days
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August 13, 2014
09:37 EDTQIHU, QIHUQihoo 360 initiated with a Buy at CLSA
Target $130.
August 12, 2014
07:46 EDTBIDUChinaNet Online signs $26M agreement with Baidu
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