Jefferies Maintains Buy on Baidu, Lowers Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on Baidu (NASDAQ:BIDU) but lowers the price target from $174 to $139.
August 22, 2024 | 9:20 pm
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Jefferies analyst Thomas Chong maintains a Buy rating on Baidu but lowers the price target from $174 to $139, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Baidu's potential, but the lowered price target reflects a more cautious outlook on its short-term performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100