Saturday, January 5, 2008

Analysts: Piper raises price target to Street's highest

Piper Jaffray boosted their price target on
from $374 to $439 after introducing 2009 EPS estimates,
reiterating their Buy rating.

Piper analyst Gene Munster, said, "the official launch
of Baidu Japan is now expected before Chinese New
Year (Feb 8). Previously the Street was expecting this
launch by the end of the Dec quarter."

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