Morgan Stanley analyst Gary Yu lowered the firm’s price target on Baidu (BIDU) to $130 from $140 and keeps an Equal Weight rating on the shares. The firm, which lowered its core non-GAAP operating profit estimates by 1%-2% in 2025-26 as core business recovery will take time and AI monetization scale is still limited, awaits potential enhancement in shareholder returns, the analyst tells investors.
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