* Steve Weinstein, Pacific Crest: Keeps
Outperform rating and raises target price to
$405 from $350, based on a valuation of 60x 2009
EPS of $6.75. "We consider this reasonable given
Baidu’s growth, market dominance and potential for
upside."
* Gene Munster, Piper Jaffray: "The Street can
debate the beat in March, but the positive guidance
is undeniable," he writes. Munster maintains his
Buy rating and $430 price target.
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