Baidu Announces First Quarter 2016 Results
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UPDATE: Brean Capital Upgrades Baidu (BIDU) to Buy
April 29, 2016 7:25 AM EDT(Updated - April 29, 2016 9:48 AM EDT)
Brean Capital upgraded Baidu (NASDAQ: BIDU) from Hold to Buy with a price target of $235. Analyst Fawne Jiang noted O2O spending is stabilizing and he pointed out upside from asset value.
The analyst explained, "Our concerns on the name in the past year have been its muted... More
