Pali positive on Baidu

Profit “could be better than the consensus of
$1.78,” said Tian Hou, a New York-based analyst
at Pali Capital Inc., in a research report today.
Revenue will come in “above consensus and in line
with our estimate, driven by an increased sales
penetration as well as China’s economic recovery,”
she wrote. Hou forecast profit of $1.97 a share.
Left rating at Neutral.