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Baidu Shares Down ~3% Following Barclays Downgrade to Equalweight

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Barclays downgraded Baidu, Inc. (NASDAQ: BIDU) from Overweight to Equalweight this morning, also lowering the price target from $137.00 to $113.00.

The firm said upside in the stock will be limited given near-term earnings risk and a lack of visibility related to Baidu's mobile Internet initiatives. Barclays also cited Qihuoo's (NASDAQ: QIHU) monetization of search traffic.

Latest Ratings for BIDU

DateFirmActionFromTo
May 2016JefferiesMaintainsBuy
May 2016Morgan StanleyMaintainsOverweight
May 2016MacquarieMaintainsOutperform

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Posted-In: News Downgrades Analyst Ratings

 

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