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BIDU

Baidu

$225.60

3.75 (1.69%)

16:33
02/13/18
02/13
16:33
02/13/18
16:33

Baidu adopts new accounting standard on January 1

Starting on January 1, 2018, Baidu adopted a new revenue accounting standard (ASC 606). The most significant impact will be the reclassification of value added tax from cost of revenues to net against revenues. If presented net of value added tax, revenues for fiscal 2017 would have been approximately 5.6% lower than currently presented. If presented on the same basis as 2017, gross revenues are expected to be between RMB 21.05 billion ($3.24B) and RMB22.23 billion ($3.42B), representing a 25% to 32% increase year over year.

  • 14

    Feb

BIDU Baidu
$225.60

3.75 (1.69%)

02/05/18
OTRG
02/05/18
DOWNGRADE
OTRG
Mixed
Baidu downgraded to Mixed from Positive at OTR Global (pre-open)
Pre-open, OTR Global downgraded Baidu to Mixed from Positive following checks indicating search growth came under pressure in Q4 2017 and was lower than expectations due to budget shifts towards ecommerce and social media platforms.
01/29/18
NOMU
01/29/18
DOWNGRADE
Target $276
NOMU
Neutral
Nomura downgrades Baidu to Neutral after 50% share rally
Nomura Instinet analyst Jialong Shi downgraded Baidu to Neutral from Buy and cut his price target for the shares to $276 from $301. The stock in afternoon trading is down 2% to $254.88. The analyst lowered his fiscal 2018 estimates by 8% to reflect Baidu's ramp-up in spending to acquire user traffic and video content. He believes the stock's 50% rise over the past 12 months largely prices in the company's positive developments. Shi prefers shares of Tencent (TCEHY) at current valuation levels.
01/29/18
NOMU
01/29/18
DOWNGRADE
NOMU
Neutral
Baidu downgraded to Neutral from Buy at Nomura Instinet
01/23/18
JEFF
01/23/18
DOWNGRADE
Target $285
JEFF
Hold
Jefferies wants better entry point, downgrades Baidu to Hold
Jefferies analyst Karen Chan downgraded Baidu (BIDU) to Hold from Buy and lowered her price target for the shares to $285 from $291. The Chinese technology company closed yesterday down $1.64 to $254.34. The analyst says that while she remains positive on Baidu's "leading" artificial intelligence position, she prefers to wait for a better entry point following the stock's rebound from lows. In China Internet, Chan's top picks are Tencent (TCEHY), Alibaba (BABA) and Weibo (WB). Momo (MOMO) remains the analyst's preferred mid-cap pick.

TODAY'S FREE FLY STORIES

HPP

Hudson Pacific

$30.66

0.42 (1.39%)

05:41
02/23/18
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OJSCY

Rosneft

05:40
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MIC

Macquarie Infrastructure

$37.41

-26.21 (-41.20%)

05:39
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Macquarie Infrastructure rating change  »

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ACIA

Acacia Communications

$41.84

-1.6 (-3.68%)

05:39
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Acacia Communications rating change  »

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    Feb

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    Mar

XPO

XPO Logistics

$93.56

-0.43 (-0.46%)

05:37
02/23/18
02/23
05:37
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05:37
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XPO Logistics analyst commentary  »

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SNY

Sanofi

$39.85

0.34 (0.86%)

, BIVV

Bioverativ

$104.30

0.39 (0.38%)

05:35
02/23/18
02/23
05:35
02/23/18
05:35
Hot Stocks
Sanofi announces expiration of HSR waiting period for acquisition of Bioverativ »

Sanofi (SNY) announced…

SNY

Sanofi

$39.85

0.34 (0.86%)

BIVV

Bioverativ

$104.30

0.39 (0.38%)

03/08/13
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  • 08

    Mar

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    May

KNX

Knight-Swift

$47.83

-0.47 (-0.97%)

05:34
02/23/18
02/23
05:34
02/23/18
05:34
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Knight-Swift analyst commentary  »

Knight-Swift consensus…

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SBGL

Sibanye Gold

$4.05

-0.38 (-8.58%)

05:26
02/23/18
02/23
05:26
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05:26
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INGIF

Ingenico Group

05:23
02/23/18
02/23
05:23
02/23/18
05:23
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Ingenico Group rating change  »

Ingenico Group downgraded…

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MOMO

Momo

$30.53

-1.44 (-4.50%)

05:22
02/23/18
02/23
05:22
02/23/18
05:22
Hot Stocks
Momo acquires Tantan in cash, stock transaction »

Momo announced that it…

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GDDY

GoDaddy

$55.43

-0.27 (-0.48%)

05:20
02/23/18
02/23
05:20
02/23/18
05:20
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GoDaddy analyst commentary  »

GoDaddy price target…

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  • 26

    Feb

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    Mar

SRE

Sempra Energy

$106.64

1.21 (1.15%)

05:19
02/23/18
02/23
05:19
02/23/18
05:19
Hot Stocks
Sempra Energy raises annualized dividend by 9% to $3.58 per share »

Sempra Energy announced…

03/08/13
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  • 27

    Feb

MB

Mindbody

$35.55

2.2 (6.60%)

05:18
02/23/18
02/23
05:18
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05:18
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Mindbody analyst commentary  »

Mindbody price target…

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  • 26

    Feb

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    Feb

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    Feb

FNGN

Financial Engines

$29.95

-0.45 (-1.48%)

05:17
02/23/18
02/23
05:17
02/23/18
05:17
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Financial Engines rating change  »

Financial Engines…

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OKTA

Okta

$35.82

0.49 (1.39%)

05:14
02/23/18
02/23
05:14
02/23/18
05:14
Initiation
Okta initiated  »

Okta initiated with a Buy…

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  • 26

    Feb

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    Feb

  • 07

    Mar

COTV

Cotiviti Holdings

$34.21

-0.32 (-0.93%)

05:11
02/23/18
02/23
05:11
02/23/18
05:11
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Cotiviti Holdings rating change  »

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ARD

Ardagh Group

$19.01

0.8 (4.39%)

05:09
02/23/18
02/23
05:09
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05:09
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Ardagh Group analyst commentary  »

Ardagh should be bought…

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BSX

Boston Scientific

$26.48

-0.29 (-1.08%)

05:03
02/23/18
02/23
05:03
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05:03
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Boston Scientific initiated  »

Boston Scientific assumed…

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  • 26

    Feb

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SGMO

Sangamo

$25.40

3.2 (14.41%)

, GILD

Gilead

$79.40

-1.29 (-1.60%)

05:00
02/23/18
02/23
05:00
02/23/18
05:00
Recommendations
Sangamo, Gilead analyst commentary  »

Sangamo price target…

SGMO

Sangamo

$25.40

3.2 (14.41%)

GILD

Gilead

$79.40

-1.29 (-1.60%)

03/08/13
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EMN

Eastman Chemical

$101.51

0.42 (0.42%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Eastman Chemical management to meet with Jefferies »

Meeting to be held in New…

03/08/13
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  • 23

    Feb

04:55
02/23/18
02/23
04:55
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04:55
General news
Breaking General news story  »

Week of 2/23 Baker-Hughes…

04:55
02/23/18
02/23
04:55
02/23/18
04:55
General news
Breaking General news story  »

San Francisco Federal…

UMICY

Umicore

$14.37

-0.185 (-1.27%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Umicore management to meet with JPMorgan »

Meetings to be held in…

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  • 23

    Feb

GVA

Granite Construction

$60.58

1.04 (1.75%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Granite Construction management to meet with MKM Partners »

Meetings to be held in…

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  • 23

    Feb

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    May

LYG

Lloyds Banking

$3.92

-0.03 (-0.76%)

04:55
02/23/18
02/23
04:55
02/23/18
04:55
Conference/Events
Lloyds Banking management to meet with UBS »

Meeting to be held in New…

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  • 23

    Feb

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