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Fly News Breaks for April 8, 2015
BIDU
Apr 8, 2015 | 08:51 EDT
On April 4, the Putian Health Industry Chamber of Commerce, or PHICC, voted to suspend advertising on Baidu due to expensive keyword pricing and rising budget requirements. HSBC expects Baidu and the PHICC to reach an agreement soon and resume advertising soon. The firm said hospital members have tried to negotiate better terms in the past but have historically renewed their contracts given Baidu's competitive position. Shares of Baidu are Buy rated with a $250 price target.
News For BIDU From the Last 2 Days
BIDU
Apr 24, 2024 | 08:08 EDT
HSBC analyst Charlene Liu lowered the firm's price target on Baidu to $145 from $157 and keeps a Buy rating on the shares following the company's developer conference. The firm says Baidu's advertising outlook remains more challenging than it expected. It cut estimates on weaker a macro envinrment.
