HSBC Maintains Hold on iQIYI, Lowers Price Target to $5.6
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu has maintained a 'Hold' rating on iQIYI (NASDAQ:IQ) and lowered the price target from $5.8 to $5.6.
August 23, 2023 | 10:23 am
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HSBC has maintained a 'Hold' rating on iQIYI and lowered the price target from $5.8 to $5.6.
The lowering of the price target by HSBC indicates a less optimistic outlook for iQIYI, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100