Saturday, October 13, 2012

bidu query market share loss will not be as bad as feared and that margin compression will be gradual. The firm believes that Baidu, Inc. shares are trading at attractive levels, even with lowered investor expectations and recommends purchase

Baidu, Inc. (NASDAQ:BIDU): Macquarie’s latest checks indicate that the impact from the search query market share loss will not be as bad as feared and that margin compression will be gradual. The firm believes that  Baidu, Inc. shares are trading at attractive levels, even with lowered investor expectations and recommends purchase. Shares are Outperform rated with a $160 price target.
Google Inc. (NASDAQ:GOOG): JPMorgan expects Google Inc. to report strong third quarter results on October 18 and raised their price target for shares ahead of the numbers. The firm said that they remain positive about mobile search and YouTube and they reiterate an Overweight rating on the name.
J. C. Penney Company, Inc. (NYSE:JCP): After J.C. Penney distributed a $10 gift card to many customers, Oppenheimer believes that the move indicates that they want to attract customers since their stores have been improved. The firm noted that under the previous Chief Executive Officer, J.C Penny had hundreds of promotional events and they maintain an Outperform rating on their stock.

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