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Fly News Breaks for February 22, 2019
BIDU
Feb 22, 2019 | 08:05 EDT
Benchmark analyst Fawne Jiang lowered her price target on Baidu shares to $245 from $260 following the company's mixed Q4 results, noting that management expects to aggressively ramp up investments in marketing promotions for mobile app downloads and content expansion in FY19. Baidu's margins could be under pressure in the coming quarters with 2019 "shaping up to be an investment year," said Jiang, who remains constructive on Baidu's AI focused strategy over the longer term. She keeps a Buy rating on Baidu shares.
News For BIDU From the Last 2 Days
BIDU
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
