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BIDU

Baidu

$117.12 /

-2.52 (-2.11%)

10:17
02/28/20
02/28
10:17
02/28/20
10:17

Baidu downgraded to Outperform from Buy at Daiwa

Daiwa analyst John Choi downgraded Baidu to Outperform from Buy with a $135 price target following last night's Q4 results. While not surprised at the "soft" Q1 revenue growth guidance for Baidu's core business, the analyst is concerned that the coronavirus outbreak will lead to a series of budget cuts by its major advertising customers. As such, Choi, who sees limited downside at the current share price, anticipates limited upside until the end of 2020, when Baidu's traffic is likely to translate into revenue.

BIDU Baidu
$117.12 /

-2.52 (-2.11%)

02/28/20 BOCOM
Baidu downgraded to Neutral from Buy at BOCOM
02/10/20 Oppenheimer
Tencent,Tencent Music more resilient amid coronavirus outbreak, says Oppenheimer
01/22/20 OTR Global
Baidu downgraded to Negative from Mixed at OTR Global
01/21/20 KeyBanc
Baidu price target raised to $161 from $155 at KeyBanc

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iHeartMedia

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Options
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NIO

NIO Inc.

$2.27 /

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Deep put sale in NIO vs…

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Recommendations
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Credit Suisse analyst…

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Washington Policy…

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Periodicals
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$0.00 /

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