Morgan Stanley Downgrades Baidu to Equal-Weight, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Baidu (NASDAQ:BIDU) from Overweight to Equal-Weight and lowered its price target from $140 to $125.
May 17, 2024 | 9:34 am
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Morgan Stanley has downgraded Baidu from Overweight to Equal-Weight and reduced the price target from $140 to $125.
The downgrade from Overweight to Equal-Weight and the reduction in the price target from $140 to $125 by Morgan Stanley is likely to negatively impact Baidu's stock price in the short term as it reflects a less optimistic outlook from a major financial institution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100