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Baidu price target lowered to $81 from $84 at Barclays

Barclays lowered the firm’s price target on Baidu (BIDU) to $81 from $84 and keeps an Equal Weight rating on the shares. The firm says pressure on the company’s advertising business is intensifying in Q2 with year-over-year declines accelerating. It lowered estimates for Baidu as a result.

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