The U.S. Stock Research Agency learned that according to Zhitong Financial News, UBS issued a research report saying that Baidu (BIDU. US) "Buy" rating and raised the target price from $220 to $230.
Wei Xiong, an analyst at UBS, believes that Baidu is one of the companies with the best long-term risk/reward, while also making good progress in automotive and cloud computing, which is in line with China's technology innovation policy, but none of these factors are reflected in the stock price.
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