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Fly News Breaks for August 21, 2019
BIDU
Aug 21, 2019 | 06:36 EDT
HSBC analyst Binnie Wong said Baidu is currently navigating through macro headwinds and competition challenges to its core search but she expects an inflection point to come in 2020. She thinks Baidu's earlier investments might start bearing fruit shortly, while investments remain flattish, likely driving a sequential margin improvement, said Wong, who raised her price target on Baidu shares to $141 from $137 and keeps a Buy rating on the stock.
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