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Fly News Breaks for September 28, 2016
BIDU
Sep 28, 2016 | 06:52 EDT
Deutsche Bank analyst Alan Hellawell downgraded Baidu to Hold citing the recent rally in the shares "against a weakening outlook." The stock has recovered to levels prior to the healthcare incident in May, suggesting the discounting of any range of favorable O2O M&A scenarios, Hellawell tells investors in a research note. The analyst says his channel checks indicate conflicting feedback on budgeting plans as well as a lack of insight into the platform clean-up progress. Hellawell cut his price target for Baidu shares to $201 from $219.
News For BIDU From the Last 2 Days
BIDU
Apr 26, 2024 | 09:40 EDT
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.
