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Aided by today's tech rally, Baidu (BIDU -3.5%) has pared the AH losses seen due to its Q1...

Aided by today's tech rally, Baidu (BIDU -3.5%) has pared the AH losses seen due to its Q1 report and guidance. Barclays (Overweight) thinks Baidu's guidance is conservative, the result of a slow start to April and ad spending being pushed out to 2H. Goldman (Neutral) remains positive long-term, but is worried about near-term competition from vertical search/directory sites, and margin pressure from Baidu's giant R&D investments. (transcript)
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