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.
Baidu to partner with Citic Bank to launch online bank, Financial Times reports Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link