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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (1362)	4/29/2010 12:47:18 PM
From: manalagi	Read Replies (1) \| Respond to of 2098

Many have sold their shares thinking that the stock has reached the top, especially since S&P recommended a SELL about a week ago. Now, S&P must have eggs on its face: it upgrades BIDU to a HOLD from SELL, raising the 12 month target by ... $ 230, i.e. to $ 790 from $ 560. I just finished my Johnny Walker Black Label ... S&P UPGRADES ADSS OF BAIDU TO HOLD FROM SELL (Standard & Poor's) BIDU posts Q1 per-ADS profits of $2.02, vs. $0.77, and $0.30 above our forecast, as larger advertisers spent more on company platforms and market share shifted away from Google (GOOG 529.26, Buy). Revenues surged 60%, well above our 50% forecast, with improving performance from Phoenix Nest. Costs and expenses were also well managed, in our view. Based on the continuing momentum we see, we are raising our earnings-per ADS forecasts for '10 to $10.12 from $9.19, and '11 to $13.29 from $12.05. Based on revised peer analysis, we are increasing our 12-month target to $790 from $560.