Baidu: Oppenheimer Warms to Stock, but Cautious About Mobile
Posted on June 21, 2012 at 10:09 AM EDT
Oppenheimer & Co.’s Andy Yeung this morning reiterates a “Perform” rating on shares of Chinese search engine giant Baidu (BIDU), writing that while the stock has an “increasingly attractive valuation,” he’s concerned about how the company will “navigate” the “transition” he sees this year, meaning its challenge to monetize mobile use of the Internet. “it [...]
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