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Baidu (BIDU -3.8%) falls after receiving yet another downgrade, this time from Credit Suisse....
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Tuesday, October 9, 2012, 9:57 AM ETBaidu (BIDU -3.8%) falls after receiving yet another downgrade, this time from Credit Suisse. The firm, which now rates Baidu an Underperform, expects estimates to move lower thanks to stronger competition (no doubt from Qihoo), a weaker-than-expected ad market, and mobile monetization challenges. (prior downgrades: I, II)
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