Baidu Mobile Gains Spark Oppenheimer Upgrade

By | October 16, 2014

Scalper1 News

Saying that Baidu has made “solid progress” in boosting its mobile presence, investment bank Oppenheimer upgraded the China online search leader to outperform from perform and gave the company a price target of 280. Baidu (BIDU) stock was up nearly 3% in midday trading in the stock market today, near 211. Baidu stock touched an all-time high of 231.41 on Sept. 19. Baidu has led search in China since at least 2004. It’s one of the few countries Scalper1 News

Scalper1 News