Monday, February 1, 2010

Susquehanna raises PT to $520

The firm has long maintained a buy on Baidu. The analyst,
Ming Zhao, with the best track record on Baidu's stock,
believes the probability of Google leaving China is
increasing, not decreasing.

"Based on our most recent checks," Zhao writes, "we think
the transition to the Phoenix Nest system has been better
than expected." Zhao ups his 2010 EPS forecast to
$9.19, from $8.72.

[Source: MarketWatch, Barrons online]

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