Baidu Shares Outperforming Modestly as Pacific Crest Boosted Target to $163

Pacific Crest's Cheng Cheng raised his price target on shares of Baidu (NASDAQ: BIDU ) from $157 to $163 while maintaining an Outperform rating. Cheng was involved in recent meetings with management which caused him to have "increased confidence that Baidu will be a mobile share consolidator." Baidu remains