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Fly News Breaks for November 11, 2019
BIDU
Nov 11, 2019 | 08:28 EDT
Oppenheimer analyst Jason Helfstein upgraded Baidu to Outperform with a $145 price target following the company's "better" Q3 results, driven by stabilizing advertising trends and more disciplined investments, resulting in EBITDA that was much better than expected. In a research note to investors, Helfstein says he views Baidu's core valuation as attractive.
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