UPDATE: Goldman Sachs Upgrades Baidu to Buy
February 24, 2014 at 13:02 PM EST
On Monday, Goldman Sachs upgraded Baidu, Inc. (NASDAQ: BIDU ) from Neutral to Buy. Piyush Mubayi, analyst at Goldman, highlighted Baidu's “leading position in map services and location-based technology” as a source of opportunity. Mubayi cited CNIT-Research, which recently uncovered Baidu Map has a 54 percent share of the mobile