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Fly News Breaks for July 29, 2016
BIDU
Jul 29, 2016 | 06:59 EDT
Brean Capital lowered its price target on Baidu to $197 from $220 reflecting tightened regulations and self-inflicted cleanup measures which may mute growth over the next few quarters. The firm believes the company's review process may lead to enhanced customer quality and user experience, driving improved return on equity. Brean Capital reiterated its Buy rating on Baidu 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.
