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Fly News Breaks for July 28, 2015
BIDU
Jul 28, 2015 | 12:04 EDT
CLSA analyst Elinor Leung downgraded Baidu two notches to Underperform citing near-term margin pressure and lack of catalysts following the company's Q2 results. The analyst lowered Baidu's price target to $225 from $288. Three other firms downgraded Baidu this morning. The stock is trading down $33.18 to $164.50 in midday trading.
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