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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
Jun 2015KeybancMaintainsOverweight
Jun 2015Pacific CrestInitiates Coverage onOverweight
May 2015JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for BIDU
View the Latest Analyst Ratings

Posted-In: News Downgrades Analyst Ratings

 

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