"Big Banks" UBS: Baidu has multiple catalysts to boost investor confidence, maintains "Buy" rating
UBS published a research report stating that Baidu-SW (09888.HK) management reiterated its commitment to four key strategic priorities, including enhancing information disclosure and transparency, improving shareholder returns, driving operational efficiency, and unlocking value from core and non-core businesses. Baidu's management believes that the company has demonstrated strong execution capabilities over the past few months.
UBS expects that Baidu will have multiple catalysts in the future, which should continue to boost investor confidence in the stock. The firm maintains a "Buy" rating on Baidu (BIDU.US) and keeps the target price at $180
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