Susquehanna Maintains Positive on Baidu, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil has maintained a Positive rating on Baidu (NASDAQ:BIDU) but has lowered the price target from $175 to $150.

November 27, 2023 | 5:11 pm
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NEUTRAL IMPACT
Susquehanna has maintained a Positive rating on Baidu but reduced the price target from $175 to $150, indicating a potential upside but with caution.
While the Positive rating suggests confidence in Baidu's fundamentals and potential growth, the reduction in price target may reflect a more conservative outlook on the stock's valuation or anticipated market conditions. This could lead to a neutral short-term impact as the market digests the mixed signals of continued endorsement with a lower expected price level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100