Baidu: On Google Move, Kaufman Says Buy; Goldman Ups Target

Baidu (BIDU) shares continue to be levitated by Google’s (GOOG) move away from the China search market.

  • Kaufman Bros. analyst Aaron Kessler this morning upgraded BIDU to Buy from Hold, with a $690 price target. “While there is still uncertainty into the final outcome of Google’s ability to operate an uncensored search site in China, we believe that in the near-term it is very likely the government would restrict access,” he writes. Kessler said he is assuming an 80 percent probability that the government would restrict access.

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 »