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Fly News Breaks for July 28, 2015
BIDU
Jul 28, 2015 | 07:13 EDT
Deutsche Bank analyst Alan Hellawell downgraded Baidu to Hold following the company's Q2 results and cut his price target for shares to $206 from $236. Baidu's margins are likely to move lower given the "massive" increase in spending, the analyst tells investors. Brean Capital and Pacific Crest also downgraded Baidu this morning.
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.
