Oppenheimer Reiterates Perform Rating On Baidu

In a note out today, Oppenheimer reiterated a Perform rating on Baidu (Nasdaq: BIDU), China's largest provider of Internet search services, saying the company is among several that could benefit after the Chinese government announced a ban commercials airing during dramas.

“Internet companies could benefit from an accelerated shift of ad dollars from TV to online channels as advertisers diversify their ad spending,” Oppenheimer said in the note. Other potential winners mentioned by Oppenheimer included Netease (Nasdaq: NTES), Sohu (Nasdaq: SOHU) and Sina (Nasaq: SINA).