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Baidu Climbs On Q2 Earnings; Mobile Ads Stand Out

Baidu (BIDU) jumped after reporting a strong second quarter Thursday, and the shares are still climbing this morning.

Analysts are also weighing in on the stock today. Jefferies' Karen Chan and her team reiterated a Buy rating and boosted their price target from $208 to $232 on the earnings.

Chan writes that mobile newsfeed ads showed "solid traction" as daily average users exceeded 100 million. She...


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