UPDATE: Bank of America Raises PT on Baidu on Confidence in New Bidding System
October 02, 2013 at 11:13 AM EDT
In a report published Wednesday, Bank of America analyst Eddie Leung reiterated a Buy rating on Baidu (NASDAQ: BIDU ), and raised the price target from $158.00 to $177.00. In the report, Bank of America noted, “In our meeting with Baidu last week, the company indicated their confidence in the
