Loop Capital Markets upgraded Baidu to Buy from Hold due to its self-driving vehicle business, as well as its favorable valuation following recent declines. Last week, Baidu's U.S. -listed stock fell 19%, which analyst Rob Sanderson wrote was a "great opportunity to accumulate the stock." Loop is bullish on Baidu's Apollo business, saying it is "well ahead of the commercialization of self-driving vehicles in China by many indicators." The overall economic recovery will also support the company's search advertising business, the company wrote....
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