BIDU

Baidu.com is on the move here early so put this stock on that trading radar. Susquehanna raised their tgt on BIDU to $420 from $375 following earnings, noting Baidu Union and monetization improvement drove Q1 revenue upside... Citigroup upgraded BIDU to Buy from Hold with the seasonally weakest quarter behind us, and Japan and C2C costs well under management's control. The firm says BIDU benefited in 1Q08 from conservative guidance, the effects of an early CNY (offsetting the snowstorms impact), and the bringing of key sales regions in-house.


Budd Foxx