B of A Securities Maintains Buy on Baidu, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eddie Leung maintains a Buy rating on Baidu (NASDAQ:BIDU) but lowers the price target from $140 to $128.
July 16, 2024 | 5:40 pm
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NEUTRAL IMPACT
B of A Securities analyst Eddie Leung maintains a Buy rating on Baidu but lowers the price target from $140 to $128.
The Buy rating suggests continued confidence in Baidu's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100