Baidu (BIDU) Up On Positive Analyst Talk On Search Share

Shares of Baidu, Inc. (Nasdaq: BIDU) are seeing a lift today following positive comments from an analyst at Bernstein. The firm said, despite recent set-backs, Baidu is gaining search share in Asia. They raised the price target from $170 to $230, reiterating their Outperform rating.

Shares of Baidu are up 7% today to $187.50, which still provides 23% upside to the firm's price target.

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