Baidu's Stock Rises On Analysts' Comments

Courtesy WebProNews - Financial  Mon, 02/01/2010 - 15:08

The odds of Google leaving China appear to have been raised today.  Two financial experts made positive comments about Baidu, and while neither issued any carved-in-stone predictions about its competitor departing, investors are now buying more shares of the Chinese company's stock.

For what it's worth, Credit Suisse analyst Wallace Cheung actually believes Google will stay in China.  But he thinks Baidu stands to gain from the ongoing commotion regardless of whether it stays or goes, and so upgraded...


 

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