Loop Capital Maintains Buy on Baidu, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a 'Buy' rating on Baidu (NASDAQ:BIDU) but has lowered the price target from $215 to $190.
August 29, 2023 | 2:44 pm
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NEUTRAL IMPACT
Baidu's price target has been lowered from $215 to $190 by Loop Capital, though the 'Buy' rating is maintained.
The news is directly about Baidu and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100