UPDATE: Stifel Upgrades Baidu on Growing Mobile Search Franchise
February 27, 2014 at 09:35 AM EST
In a report published Thursday, Stifel analyst George Askew upgraded the rating on Baidu (NASDAQ: BIDU ) from Hold to Buy, and named a $238.00 price target. In the report, Stifel noted, “We are upgrading Baidu from Hold to Buy with a $238 target price. Our upgrade is based on