UPDATE: Maxim Group Raises PT on Baidu on Strong Revenues, EPS Estimates
July 25, 2013 at 11:01 AM EDT
In a report published Thursday, Maxim Group analyst Echo He reiterated a Sell rating on Baidu (NASDAQ: BIDU ), and raised the price target from $75.00 to $95.00. In the report, Maxim Group noted, “Revenues strong while margins continued to decline. BIDU reported 2Q13 gross revenue of $1,232M, 1.3% above our
