Barclays Maintains Overweight on Baidu, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Overweight rating on Baidu (NASDAQ:BIDU) but lowers the price target from $133 to $125.
July 17, 2024 | 3:18 pm
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Barclays analyst Jiong Shao maintains an Overweight rating on Baidu but lowers the price target from $133 to $125.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on Baidu's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100