Baidu: Credit Suisse Ups Rating To Neutral; Stock Rallies

Baidu (BIDU) shares are trading higher this morning after Credit Suisse analyst Wallace Cheung upped his rating on the stock to Neutral from Underperform.

Cheung’s upgrade reflects his theory on how the Google (GOOG) dispute with China will play out:

  • Google will stay in China…
  • …but its business outlook there will become more challenging…
  • …and Google advertisers will seek diversification.
  • He sees Google’s share of the China revenue market from search to drop to 20 percent in 2011 from 31 percent in 2009. He sees Baidu’s market share stabilizing in the 45-47 percent range.

Read the rest of this post on the original site

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »