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<Research>UBS Keeps Buy on Baidu; Various Catalysts Conducive to Investor Confidence
Recommend 8 Positive 17 Negative 5 |
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BIDU-SW (09888.HK) management reiterated its commitment to four key strategic priorities, namely enhancing information disclosure and transparency, improving shareholder returns, boosting operational efficiency, and unlocking the value of core and non-core businesses, according to a UBS research report. The management believed the company had demonstrated strong execution over the past few months. In UBS' estimate, BIDU-SW will have multiple catalysts in the future, which should continue to lift investor confidence in its stock. The broker has maintained a Buy rating and a target price of USD180 on Baidu (BIDU.US). AAStocks Financial News |
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