Baidu: Oppenheimer Warms to Stock, but Cautious About Mobile
Oppenheimer & Co.’s Andy Yeung this morning reiterates a “Perform” rating on shares of Chinese search engine giant Baidu (BIDU), writing that while the stock has an “increasingly attractive valuation,” he’s concerned about how the company will “navigate” the “transition” he sees this year, meaning its challenge to monetize mobile use of the Internet. “it [...]
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