B of A Securities Maintains Buy on Baidu, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Baidu but lowered the price target from $128 to $117.
August 23, 2024 | 12:57 pm
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NEUTRAL IMPACT
B of A Securities has maintained its Buy rating on Baidu but lowered the price target from $128 to $117, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Baidu's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100