JP Morgan Maintains Overweight on Baidu, Raises Price Target to $200
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Alex Yao maintains an Overweight rating on Baidu (NASDAQ:BIDU) and raises the price target from $190 to $200.
August 25, 2023 | 1:27 pm
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Baidu and raises the price target from $190 to $200, indicating a positive outlook for the company.
The raised price target by JP Morgan indicates a positive outlook for Baidu. This could lead to increased investor confidence and potentially a rise in Baidu's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100