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BIDU

Baidu

$225.60

3.75 (1.69%)

16:35
02/13/18
02/13
16:35
02/13/18
16:35

Baidu says plans to continue to exit non-core businesses

"We delivered solid financial performance in the fourth quarter with revenues up 29% year over year to RMB 23.6 billion, exceeding our guidance," said Herman Yu, CFO of Baidu. "Entering 2018, we plan to continue our strategy to exit non-core businesses and increase investments in Baidu's mobile and new AI businesses, which we believe play to Baidu's strengths as a technology leader and will sow the seed for Baidu's future growth in autonomous driving and conversational AI, particularly in the home environment."

  • 14

    Feb

BIDU Baidu
$225.60

3.75 (1.69%)

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.
01/29/18
NOMU
01/29/18
DOWNGRADE
NOMU
Neutral
Baidu downgraded to Neutral from Buy at Nomura Instinet
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.
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.

TODAY'S FREE FLY STORIES

XPO

XPO Logistics

$93.56

-0.43 (-0.46%)

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SNY

Sanofi

$39.85

0.34 (0.86%)

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0.39 (0.38%)

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KNX

Knight-Swift

$47.83

-0.47 (-0.97%)

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SBGL

Sibanye Gold

$4.05

-0.38 (-8.58%)

05:26
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INGIF

Ingenico Group

05:23
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MOMO

Momo

$30.53

-1.44 (-4.50%)

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GDDY

GoDaddy

$55.43

-0.27 (-0.48%)

05:20
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  • 26

    Feb

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SRE

Sempra Energy

$106.64

1.21 (1.15%)

05:19
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05:19
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  • 27

    Feb

MB

Mindbody

$35.55

2.2 (6.60%)

05:18
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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
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Financial Engines rating change  »

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OKTA

Okta

$35.82

0.49 (1.39%)

05:14
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Okta initiated  »

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  • 26

    Feb

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COTV

Cotiviti Holdings

$34.21

-0.32 (-0.93%)

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
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BSX

Boston Scientific

$26.48

-0.29 (-1.08%)

05:03
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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
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SGMO

Sangamo

$25.40

3.2 (14.41%)

GILD

Gilead

$79.40

-1.29 (-1.60%)

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EMN

Eastman Chemical

$101.51

0.42 (0.42%)

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  • 23

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UMICY

Umicore

$14.37

-0.185 (-1.27%)

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  • 23

    Feb

GVA

Granite Construction

$60.58

1.04 (1.75%)

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Granite Construction management to meet with MKM Partners »

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  • 23

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LYG

Lloyds Banking

$3.92

-0.03 (-0.76%)

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

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  • 23

    Feb

RYTM

Rhythm Pharmaceuticals

$26.06

0.01 (0.04%)

04:55
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Conference/Events
Rhythm Pharmaceuticals management to meet with Needham »

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  • 23

    Feb

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Conference/Events
Deutsche Bank to hold a conference »

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NJDCY

Nidec

$38.51

0.605 (1.60%)

04:55
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Nidec management to meet with Oppenheimer »

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  • 23

    Feb

MDXG

MiMedx

$8.88

-0.17 (-1.88%)

04:55
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  • 23

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