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Fly News Breaks for July 23, 2019
BIDU
Jul 23, 2019 | 09:25 EDT
As previously reported, OTR Global downgraded Baidu to Mixed from Positive. The firm's checks indicate Q2 advertising spending weakened due to softer China macroeconomic conditions, competition from short-video platforms, and lagging ROI. OTR now sees Q2 spending on Baidu search to be flat year-over-year versus up 6%-9% in Q1, and for Q3 spending to also be flat.
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.
