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Fly News Breaks for October 7, 2015
BIDU
Oct 7, 2015 | 08:55 EDT
Daiwa downgraded Baidu to Underperform and lowered its price target to $135. The firm is concerned about reports of Meituan and Dianping, the top 2 players in China's online-offline integration market, potentially merging. Daiwa expects the market to negatively react to this report regarding the potential impact on Baidu as it could change the competitive landscape for the company.
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