Bernstein Maintains Outperform on Baidu, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Boris Van maintains an Outperform rating on Baidu (NASDAQ:BIDU) but lowers the price target from $135 to $130.
August 13, 2024 | 11:35 am
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Bernstein analyst Boris Van maintains an Outperform rating on Baidu but lowers the price target from $135 to $130.
The Outperform rating suggests continued confidence in Baidu's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100