HSBC Downgrades Baidu to Hold, Announces $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu has downgraded Baidu from Buy to Hold, setting a price target of $100.
September 24, 2024 | 10:03 am
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HSBC analyst Charlene Liu downgraded Baidu from Buy to Hold, setting a price target of $100. This suggests a more cautious outlook on Baidu's stock performance.
The downgrade from Buy to Hold by HSBC indicates a less optimistic view on Baidu's stock, which could lead to a negative short-term impact on its price. The $100 price target suggests limited upside potential, reinforcing the cautious stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100