Baidu is an internet top pick for 2014 at CLSA CLSA said Baidu is one of the cheapest Chinese internet stocks and should start benefiting from heavy mobile investments. The analyst said Baidu is the default search Chinese search engine and is able to capture search queries of native apps, mobile webs, or local businesses. The firm said competitive threats are small and that the company should be able to sustain 35%-40% revenue growth. Shares are Outperform rated.
Baidu upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.