The Street seems to enjoy criticizing Baidu (BIDU -0.9%) these days almost as much as it enjoys...
Tuesday, October 2, 2012, 2:43 PM ETThe Street seems to enjoy criticizing Baidu (BIDU -0.9%) these days almost as much as it enjoys praising Apple. A day after Jefferies downgraded Baidu, Raymond James is doing the same, though its rating merely goes to Outperform from Strong Buy. RJ points to Hitwise data that shows Baidu had 58.3% of the Chinese search market as of mid-September, down from the low-to-mid 60s before Qihoo's (QIHU +5%) arrival. Qihoo's share is pegged at 9.2%. (more)
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