Baidu rose after reporting results as a supreme goal of a record high price of 604 U.S. dollars
Baidu (BIDU-US) last night, soaring 10.83 percent to close, at 482.13U.S. Dollar, Creating a new high since listing by strong fourth-quarter results boost. The company’s fourth-quarter net profit rose 48.2%, attracting a number of investment banks almost one-sided praise-singing. Related to the investment bank’s rating and target price are as follows: JP Morgan Chase to maintain “overweight” rating on a target price of 540 U.S. dollars; SwitzerlandCreditTo maintain “neutral” rating, target price raised to 400 U.S. dollars from 423 U.S. dollars; Susquehanna Financial Group reiterated that “bullish” rating, target price raised to 520 U.S. dollars from 540 U.S. dollars.
  CitigroupGroup to maintain a “buy” rating, target price raised to 440 U.S. dollars from 550 U.S. dollars; Morgan Stanley to maintain “ownership wait and see” rating; Kaufman Brothers maintain a “hold” rating, target price raised to 540 U.S. dollars; the United StatesBanksMaintained a “buy” rating, target price raised to 480 U.S. dollars from 545 U.S. dollars; RBC Capital Markets maintained “outperform” rating, target price raised to 554 U.S. dollars from 594 U.S. dollars; UBS maintained a “buy” rating, as well as 523 price target; DeutscheMaintained a “buy” rating, as well as 604 U.S. dollars price target; Goldman Sachs maintained a “buy” rating, target price raised to 550 U.S. dollars from 575 U.S. dollars.
Posted: February 16th, 2010 under Stock Market News.
Tags: Baidu