Citi analyst Alicia Yap raised her price target for Baidu shares to $253 saying the company can "finally dis-engage" from the transaction services monetization model after announcing the disposal of its Takeout Delivery business. The analyst sees "upside catalyst potential" should Baidu's monetization efforts and commercialization of artificial intelligence-initiatives become more visible. She keeps a Neutral rating on the shares.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here