CICC Downgrades Baidu To Hold

CICC downgraded Baidu Inc (ADR) BIDU from Buy to Hold. The price target for Baidu has been lowered from $258.00 to $212.00. Baidu shares have gained 25.25 percent over the past 52 weeks, while the S&P 500 index has surged 10.86 percent in the same period. Baidu shares rose 0.61 percent to $201.50 in pre-market trading.