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Fly News Breaks for August 9, 2019
BIDU
Aug 9, 2019 | 06:58 EDT
KeyBanc analyst Hans Chung lowered his price target for Baidu to $148 from $160. In a research note to investors, Chung says that his firm's checks may suggest continuously low visibility of advertising demand along with the recently increased level of the U.S.-China trade war, which could negatively impact market sentiment. The analyst remains Overweight on Baidu given attractive valuation and leadership in AI technology.
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.
