UPDATE: Maxim Upgrades Baidu
January 10, 2014 at 10:34 AM EST
In a report published Friday, Maxim analyst Echo He upgraded Baidu (NASDAQ: BIDU ) to Buy from Hold, maintaining its $200.00 price target. According to the report, the upgrade is mainly based on continued growth of China's internet economy, BIDU's mobile/PC market leadership and increasing efforts on new products
