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Citigroup Reiterates Sell Rating, $95.10 PT on

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In a report published Wednesday, Citigroup reiterated its Sell rating and $95.10 price target on (NASDAQ: BIDU).

Citigroup noted, “Witnessing Qihoo's monetization in search and its alliance with Google Adwords, we reiterate our Sell rating of Baidu at TP of $95.1 due to its weakening fundamentals in 2013 and increasing competitive landscape in PC search in China. We recommend long-only investors to sell Baidu on the recent stock price rebound and wait at least for 2-3 quarters to see if Baidu can solidify its stronghold in PC search and offset weakness in the mobile field by leveraging its monopolistic position in search.” closed on Monday at $100.29.

Latest Ratings for BIDU

Oct 2015Piper JaffrayMaintainsOverweight
Oct 2015Daiwa SecuritiesDowngradesUnderperform
Sep 2015Summit Research DowngradesBuyHold

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings


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