Barclays lowered the firm’s price target on Baidu (BIDU) to $90 from $95 and keeps an Equal Weight rating on the shares. Ahead of the Q1 results, the firm lowered search advertising revenues for Baidu in Q1 and future quarters.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIDU:
- Alibaba, JD.com, PDD, and Other Chinese Giants Go Local in the Face of U.S. Tariffs
- Trump Trade: Nvidia sees Q1 charges of $5.5B due to H20 restrictions
- Politico recaps prospect of White House delisting Chinese companies in U.S.
- Google-Backed Waymo (GOOGL) Is Quickly Gaining Market Share in Austin
- Trump Trade: President says first deal on tariffs ‘close’ as China ups duties