Morgan Stanley Upgrades Baidu to Overweight, Raises Price Target to $190
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Gary Yu has upgraded Baidu (NASDAQ:BIDU) from Equal-Weight to Overweight and raised the price target from $160 to $190.
June 20, 2023 | 10:01 am
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Baidu's stock rating has been upgraded to Overweight by Morgan Stanley, with a new price target of $190.
Morgan Stanley's upgrade of Baidu to Overweight and the increase in price target to $190 indicates a positive outlook for the company's stock. This news is likely to have a positive short-term impact on BIDU's stock price as investors may see this as a sign of confidence in the company's future performance.
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IMPORTANCE 80
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