NEW YORK ( TheStreet) -- Chinese Internet provider Baidu's ( BIDU) price target has been raised by Goldman Sachs ( GS) to $675 from $575, following Google's ( GOOG) decision to move out of China and begin redirecting Web traffic to Hong Kong.

Analysts believes the Chinese government will limit access to Google's Hong Kong search engine, which could in turn help boost Baidu's traffic. Goldman Sachs believes that Baidu will be able to obtain 33% to 75% of Google.cn traffic.

-- Reported by Andrea Tse in New York

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