Barclays Downgrades Baidu (BIDU) to Equalweight on Mounting Risks

January 7, 2013 7:56 AM EST
Get Alerts BIDU Hot Sheet
Price: $176.96 +0.27%

Rating Summary:
    17 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Barclays downgraded Baidu (NASDAQ: BIDU) from Overweight to Equalweight with a price target of $113.00 (from $137.00).

The firm sees limited upside due to earnings risk, lack of mobile visibility and traction by Qihoo.

For an analyst ratings summary and ratings history on Baidu click here. For more ratings news on Baidu click here.

Shares of Baidu closed at $104.65 yesterday.

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