Baidu (BIDU -4.1%) falls in response to the Q4 guidance and earnings call commentary...
Wednesday, October 31, 2012, 10:22 AM ETBaidu (BIDU -4.1%) falls in response to the Q4 guidance and earnings call commentary accompanying its Q3 beat. The fact Citi is downgrading shares all the way to Sell from Buy also isn't helping - the firm's target has been cut in half to $95. Piper's Gene Munster is taking comfort in better-than-expected customer ads, and argues Qihoo (QIHU +0.6%), the subject of much recent angst, isn't a major long-term threat. Also lower: SINA -1.8%. SOHU -1.4%. RENN -2.6%. (transcript)
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