UBS reaffirmed its 'Buy' rating and $180 target price on Baidu (BIDU), citing expectations that multiple catalysts, driven by management's strategic focus on value creation, will continue to lift investor confidence.
- The report highlighted management's reiteration of four key strategic priorities.
- These priorities signal a strong focus on value creation, specifically targeting improved shareholder returns, boosted operational efficiency, and unlocking the value of core and non-core businesses.