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Stock impact report

Freedom Capital Markets Lifts Baidu (BIDU) Price Target, Maintains Buy Rating [Yahoo! Finance]

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Yahoo! Finance
On January 7, Freedom Capital Markets analyst Roman Lukianchikov raised the price target on the stock to $160.00 (from $120.00) while maintaining a “Buy” rating. Firm analysts see positive signs from Baidu's transformation efforts despite near-term margin pressure. Analyst Roman Lukianchikov discussed how Baidu delivered quarterly results that generally surpassed expectations. The company's ongoing transformation, which has had required higher capital expenditures, has begun yielding positive results despite intensifying competition in the company's core business. Even though elevated spending continues to pressure margins, the firm is confident that scaling Baidu's less profitable venture may drive a recovery in profitability over the medium term. “While margins may face further pressure in the coming quarters, successful scaling of some of the company's less profitable initiatives could drive a recovery in profitability over the medium term. We issue a ‘Buy' recommendation and Show less Read more
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