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Fly News Breaks for August 20, 2019
BIDU
Aug 20, 2019 | 09:17 EDT
Benchmark analyst Fawne Jiang said Baidu reported "solid" Q2 results though its Q3 revenue guidance was soft due to both macro factors and industry headwinds. She was encouraged to see accelerated traffic expansion for Baidu's mobile ecosystem, which she thinks should help unlock greater monetization potential. Also, margins recovered due to management's focus disciplined spending and she expects improved operating margins to continue, said Jiang, who keeps a Buy rating on Baidu shares though she lowered her price target on the stock to $165.
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.
