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Fly News Breaks for January 13, 2016
BIDU
Jan 13, 2016 | 07:58 EDT
After visiting China, Oppenheimer says its checks indicate that the sentiment of Chinese consumers is "generally unchanged" since September. The firm says that Baidu has reduced its subsidies for its local initiatives, a decision that Oppenheimer expects to be positive for its margins. The firm reiterates a $225 price target and Outperform rating on the shares.
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