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Fly News Breaks for May 1, 2015
BIDU
May 1, 2015 | 07:22 EDT
Jefferies downgraded Baidu last night to Hold from Buy saying the company's lack of a strong payment tool limits its online to online commerce monetization potential. It lowered its price target for shares to $196 from $253 after Baidu's Q1 revenue and guidance missed expectations.
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