Market Overview

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

Share:
Related BIDU
Pressure From Japan: Interest Rate Decision Weighs, But Earnings In Focus
Earnings Scheduled For April 28, 2016
Amazon Gets An International Boost, LinkedIn Tops Low Expectations, And 3 CEO Resignations Arrive (Seeking Alpha)

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

DateFirmActionFromTo
Apr 2016Brean CapitalUpgradesHoldBuy
Apr 2016JefferiesMaintainsBuy
Mar 2016Summit ResearchTerminatesBuy

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!