Market Overview

UPDATE: Morgan Stanley Downgrades Baidu on Robust Sales Expansion, yet Heavier Investment Ahead

Related BIDU
Expect Soft Results From Baidu As It Seeks To Capture The Cloud
Baidu Launches Melody, AI-Powered Conversational Bot for Doctors and Patients
The Vetr community has upgraded $BIDU to 4.5-Stars. (Vetr)

In a report published Thursday, Morgan Stanley analyst Philip Wan downgraded the rating on Baidu (NASDAQ: BIDU) from Overweight to Equal-Weight, and lowered the price target from $185.40 to $179.60.

In the report, Morgan Stanley noted, “We downgrade from OW to EW mainly due to a softer margin outlook in 2014 on heavier investments. We remain positive on Baidu's market position in PCs and its improving user penetration in mobile Internet services. Continuous sales expansion and potential cut back on discretionary spending may lead to margin stabilization.”

Baidu closed on Wednesday at $172.90.

Latest Ratings for BIDU

Oct 2016OTR GlobalUpgradesNegativeMixed
Sep 2016Deutsche BankDowngradesBuyHold
Aug 2016JP MorganAssumesUnderweight

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Philip WanAnalyst Color Downgrades Analyst Ratings


Related Articles (BIDU)

View Comments and Join the Discussion!