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By: Benzinga
November 23, 2012 at 10:26 AM EST
Citigroup Reiterates Sell Rating, $95.10 PT on Baidu.com
In a report published Friday, Citigroup reiterated its Sell rating and $95.10 price target on Baidu.com (NASDAQ: BIDU ). Citigroup noted, “In 2013, we estimate at least 1/3 of Baidu's search traffic would come from mobile. On the mobile side, revenue pressures would come from 1) reducing CPC to improve
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