Wednesday, November 18, 2009

GS removes from conviction buy list, but raises PT to $500

The new street high price target. A 6-month target.
The firm is still positive on the Baidu citing "better
China advertising trends, US and China internet peer
re-rating, and our belief that paid leads and revenue
per click can both double over several years, while
customer adds can accelerate toward Alibaba.com's
levels."

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