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News Breaks
August 9, 2013
10:55 EDTBIDUBaidu advances after analyst raises stock rating
Shares of Chinese search engine Baidu (BIDU) are advancing after Citigroup upgraded the stock this morning. WHAT'S NEW: Baidu's revenue from mobile Internet users should continue to increase in upcoming quarters, Citigroup analyst Muzhi Li wrote in a note to investors earlier today. Mobile Internet yields higher profit margins than desktop, added Li. Moreover, the increase in Baidu's mobile Internet revenue should raise the valuation of its stock, he believes. Baidu should also be boosted by its acquisition of Chinese Internet company 91 Wireless, which has a high growth mobile app and mobile games business, the analyst added. Li upgraded Baidu to Buy from Neutral, and increased the target on the shares to $167 from $113. TODAY'S PRICE ACTION: In mid-morning trading, Baidu rose $3.30, or 2.4%, to $139.
News For BIDU From The Last 14 Days
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July 21, 2014
10:49 EDTBIDUBaidu advances following Morgan Stanley upgrade
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07:26 EDTBIDUBaidu upgraded to Overweight from Equal Weight at Morgan Stanley
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July 18, 2014
05:21 EDTBIDUChangyou.com appoints Rucia Ren as acting CFO
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July 15, 2014
07:46 EDTBIDUBaidu looking to strike game partnerships in Canada, Globe & Mail says
Baidu is meeting with game developers in Vancouver and Toronto to see if it can strike relationships as the Chinese search giant looks to build on the 40% shares of China's games market on the Android platform that it currently holds, reported The Globe & Mail. Reference Link
July 14, 2014
08:23 EDTBIDU, BIDUBaidu likely to report Q2 upside, says CLSA
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July 8, 2014
08:19 EDTBIDUBaidu one of best Chinese Internet names ahead of results, says Pacific Crest
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