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Fly News Breaks for July 28, 2017
BIDU
Jul 28, 2017 | 12:11 EDT
Macquarie analyst Wendy Huang upgraded Baidu to Outperform from Neutral and raised her price target for the shares to $252 from $189 following the company's Q2 results. Baidu's strategic shift from O2O to artificial intelligence should lead to sustainable margin recovery, Huang tells investors in a research note. The shares in midday trading are up 11%, or $21.81, to $222.81.
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.
