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Fly News Breaks for January 22, 2019
BIDU
Jan 22, 2019 | 08:15 EDT
Citi analyst Alicia Yap opened a "30-Day Negative Catalyst Watch" on Baidu and cut her price target for the shares to $205 from $262. The analyst, however, keeps a Buy rating on the name. Yap sees risk to the company's Q4 earnings and Q1 guidance. She's particularly concerned on Baidu's Q1 sales and margins guidance, though believes it "could be partially priced-in." To reflect higher spending, a slowing macro outlook and likely advertising budget cut by advertisers, Yap reduced her estimates for Baidu.
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.
