Baidu Shares Move Higher as Citi Upgrades to Buy, Sets $167 Target
August 09, 2013 at 08:24 AM EDT
Citigroup upgrades Baidu, Inc. (NASDAQ: BIDU ) from Hold to Buy and announces $167.00 PT. Shares of Baidu are trading up more than 2 percent to around $138.50 in Friday's pre-open session. Citi's new price target implies potential upside of nearly 21 percent from where the stock is currently trading. (c) 2013
