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Baidu: UBS Raises to "Neutral," $380 Price Target

in News on August 4, 2009 at 2:35 am PT

A week and a half after Chinese search engine Baidu beat Q2 sales and profit estimates, and forecast above consensus, UBS Securities analyst Wenlin Li today raised the stock’s rating to “Neutral” from “Sell” and more than doubled its price target on the stock to $380 from $150.