Baidu price target raised to $260 from $220 at Pacific Crest Pacific Crest raised its price target on Baidu after the company reported higher than expected Q2 EPS. The firm is more upbeat about the company's leverage outlook and keeps an Outperform rating on the shares.
HK opens door to Alibaba and others to to return 'home', Financial Times says Hong Kong's stock exchange has opened the door to Alibaba (BABA) listing on its home market, reports the Financial Times. The xchange said it would re-examine its current bar on China-based companies having a secondary listing of their shares in the city. The move could permit groups like Alibaba, Baidu (BIDU), and JD.com (JD) to return "home" via secondary listings." Reference Link