Pali Research Slaps Sell Rating On (BIDU)

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Pali Research slapped a dreaded Sell rating on (BIDU), saying short-to-mid-term uncertainties are much bigger than opportunities. The firm set a $90 price target on, which is 21% below Friday’s close of $114.

Analysts at Pali said’s business model has become very controversial and been challenged by advertisers, internet users and lawyers. They think the controversial situation is highly likely to lead to the birth of new regulations defining rules and standards for the search market in China. The analysts said new regulations would be negative to Baidu.

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