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Fly News Breaks for January 22, 2020
BIDU
Jan 22, 2020 | 09:32 EDT
OTR Global downgraded Baidu to Negative from Mixed following checks that indicate search advertising spending growth moderated in Q4 due to stagnant ROI and heavy competition. Further, Baidu's Newsfeed and mini programs failed to deliver incremental boosts, the firm's analyst wrote in a note to investors.
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.
