Macquarie Lowers Price Target on Baidu (BIDU) Citing Sluggish Ad Business
Baidu Inc. (NASDAQ:BIDU) is among the 12 best stocks to buy and hold for the next 2 years. On February 26, Macquarie lowered its price target on Baidu Inc. (NASDAQ:BIDU) shares to $177 from $205 while maintaining an Outperform rating, saying that the price target reduction reflects sluggish performance in the company’s core advertising business. […]
Baidu Inc. (NASDAQ:BIDU) is among the 12 best stocks to buy and hold for the next 2 years. On February 26, Macquarie lowered its price target on Baidu Inc. (NASDAQ:BIDU) shares to $177 from $205 while maintaining an Outperform rating, saying that the price target reduction reflects sluggish performance in the company’s core advertising business. […]
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