UPDATE: Piper Jaffray Reiterates Overweight Rating, Lowers PT on Baidu.com

In a report published Wednesday, Piper Jaffray & Co. reiterated its Overweight rating on Baidu.com (NASDAQ: BIDU ), but lowered its price target from $193.00 to $146.00. Piper Jaffray noted, “The bottom line is that we remain positive on shares of BIDU. We are adjusting our CY13 estimates to reflect