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Fly News Breaks for May 5, 2015
BIDU
May 5, 2015 | 06:45 EDT
JPMorgan analyst Alex Yao downgraded Baidu to Neutral saying the company's Q1 results and Q2 guidance indicate revenue growth from mobile monetization improvement has started to diminish. Yao also views Baidu's "aggressive" investment on Online to Offline initiatives as a multi-year process. The analyst cut his price target for shares to $215 from $240. Shares of the Chinese-language internet search provider closed yesterday up $1.23 to $203.70.
News For BIDU From the Last 2 Days
BIDU
Apr 26, 2024 | 09:40 EDT
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.
