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Fly News Breaks for August 3, 2015
BIDU
Aug 3, 2015 | 07:54 EDT
Oppenheimer cut its price target on Baidu citing the company's higher spending on local products. However, Oppenheimer is upbeat on the company's ability to profit from local ads in China, which the firm believes is a $99B opportunity. It keeps an Outperform rating on the shares.
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.
