Information Provided By: 
Fly News Breaks for January 23, 2019
BIDU
Jan 23, 2019 | 08:05 EDT
KeyBanc analyst Hans Chung lowered his price target for Bidu to $236 from $270 as channel costs remain the margin drag in the near-term. On a positive note, his conversations with ad agents and advertisers lead him to believe Baidu is relatively resilient to macro headwinds given higher ROIs for search ads and overall budget shifting to newsfeed ads in the industry. Recovery in the gaming industry could also be a positive to ad business in the near-term, he adds. Chung reiterates an Overweight 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.
