Loop Capital Markets upgraded Baidu to buy from hold, citing its self-driving car business and a favorable valuation after the recent decline. Baidu's U.S.-listed shares fell 19% last week, and analyst Rob Sanderson wrote that this is "a great opportunity to accumulate the stock." Loop is bullish on Baidu's Apollo business, saying it is "far ahead of the commercialization of self-driving cars in China by many metrics." The overall economic recovery will also support the company's search advertising business, the company wrote....
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Loop upgrades Baidu to buy, raises target price to $290
新浪财经2021-03-29
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