Morgan Stanley Names Baidu (BIDU) 'Short Research Tactical Idea'
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Price: $109.81 +2.40%
Rating Summary:
31 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
Rating Summary:
31 Buy, 10 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 18 | New: 50
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After initially trading higher following strong fourth-quarter results and guidance, Baidu (Nasdaq: BIDU) shares are now down about 2 percent.
While a number of analyst firms lifted estimates amid the quarterly report, one analyst at Morgan Stanley named the stock a "Short Research Tactical Idea," suggesting near-term downside.
Friday's move lower could simply be a prudent move by Baidu investors following a 20 percent surge since the beginning of 2012, or maybe a reaction to the concerning Morgan Stanly call.
While a number of analyst firms lifted estimates amid the quarterly report, one analyst at Morgan Stanley named the stock a "Short Research Tactical Idea," suggesting near-term downside.
Friday's move lower could simply be a prudent move by Baidu investors following a 20 percent surge since the beginning of 2012, or maybe a reaction to the concerning Morgan Stanly call.
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