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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.
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.
