Fly News Breaks for November 8, 2019
Nov 8, 2019 | 08:15 EDT
Bernstein analyst David Dai upgraded Baidu to Outperform from Market Perform with a price target of $139, up from $118. In a research note to investors, Dai says that while Baidu doesn't have control of its top line, but the cost is largely within its control, and adds that Baidu "did the right things" to become focused again in Q3 and reduced cost to 70%.
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