UPDATE: Jefferies Raises PT on Baidu Following Management Meeting
September 13, 2013 at 11:02 AM EDT
In a report published Friday, Jefferies analyst Cynthia Meng reiterated a Hold rating on Baidu (NASDAQ: BIDU ), and raised the price target from $121.00 to $153.00. In the report, Jefferies noted, “On day two of Jefferies China TMT tour, we met with Baidu mgmt, and several top search agents.
