Summit Research Cuts Price Target to $205 on Baidu.com (BIDU) Following 2Q15

CLSA Downgrades Baidu (BIDU) to Underperform

July 28, 2015 1:39 PM EDT

CLSA downgraded Baidu (NASDAQ: BIDU) from Buy to Underperform.

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 $197.68 yesterday.

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Baidu (BIDU) PT Lowered to $210 at Piper Jaffray Post Q2

July 28, 2015 8:34 AM EDT

Piper Jaffray analyst Gene Munster cut estimates and his price target on Baidu (NASDAQ: BIDU) to $210.00 (from $230.00) following in-line Q2 results and slightly lower Q3 guidance. Tjhe firm maintained an Overweight rating.

Munster commented, "Baidu management highlighted the opportunity... More

Deutsche Bank Downgrades Baidu (BIDU) to Hold

July 28, 2015 7:26 AM EDT

Deutsche Bank downgraded Baidu (NASDAQ: BIDU) from Buy to Hold with a price target of $206.00 (from $236.00). The change follows disappointing Q2 results. Analyst Alan Hellawell III thinks margins are likely to slide further.

"BIDU reported 38%/7% YoY 2Q revs/non-GAAP NP, inline/2%... More

Pacific Crest Downgrades Baidu (BIDU) to Sector Weight

July 28, 2015 6:49 AM EDT

Pacific Crest downgraded Baidu (NASDAQ: BIDU) from Overweight to Sector Weight. The change follows Q2 results. Analyst Cheng Cheng thinks its O2O transition may create a multi-year valley in earnings.

"O2O is creating headwinds for margins and revenue... More

Brean Capital Downgrades Baidu (BIDU) to Hold; Earnings Uncertainties Ahead

July 28, 2015 6:27 AM EDT

Brean Capital downgraded Baidu (NASDAQ: BIDU) from Buy to Hold citing earnings uncertainties ahead.

Analyst Fawne Jiang commented, "BIDU confirmed its commitment to invest RMB 20bn in the coming years to scale up its O2O business aimed at securing a leading position in this still largely untapped market. We view it as a strategically right direction for BIDU, as connecting users with services and building an effective closed loop... More

After-Hours Stock Movers 07/27: (GIG) (MSTR) (KN) Higher; (AMKR) (CKEC) (BIDU) Lower (more...)

July 27, 2015 5:53 PM EDT

Amkor Technology (NASDAQ: AMKR) 13.6% HIGHER; reported Q2 EPS of $0.08, $0.03 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $737 million versus the consensus estimate of $746.75 million. Amkor Technology sees Q3 2015 EPS of ($0.03)-$0.06, versus the consensus of $0.17. Amkor Technology sees Q3 2015 revenue of $700-750 million, versus the consensus of $795.9 million.

Carmike Cinemas (NASDAQ: CKEC) 11.7% LOWER; reported Q2 EPS of $0.36, $0.13 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $219.1 million versus the... More

Market Wrap: Chinese Stock Pressure Hits U.S. Markets; Durable Orders Outpace in June; Merger Monday

July 27, 2015 5:22 PM EDT

Market wrap for July 27th

End of the Day: S&P 500 down 12.0 to 2,067.64; Dow Jones down 127.9 to 17,440.59; Nasdaq down 48.9 to 5,039.78

Market Brief: U.S. markets were pressured Monday following a sell-off in Shanghai amid concerns the government would ease measures to support the market.

Teva moved to acquire Allergan for about $40.5 billion. Plenty of other M&A activity ruled early headlines.

Best Buy plans to sell the Apple watch, which added a little pressure to... More

Baidu.com (BIDU) Reports Q2 EPS of $1.81

July 27, 2015 4:31 PM EDT

Baidu.com (NASDAQ: BIDU) reported Q2 EPS of $1.81, versus the consensus of $1.87 and $1.88 reported last year. Revenue for the quarter came in at $2.67 billion, versus the consensus of $2.6 billion.

Second Quarter 2015 Operational Highlights

Mobile search monthly active users (MAUs)... More

China Internet Consumer Demand Remains Healthy, Buy 58.com (WUBA), Qunar (QUNR) - Pacific Crest

July 27, 2015 9:46 AM EDT

Pacific Crest analyst Cheng Cheng thinks investors should buy pullbacks in 58.com (NYSE: WUBA) and Qunar (NASDAQ: QUNR). He is also positive on Youku Tudou (NYSE: YOKU), Baidu.com (NASDAQ: BIDU) and Alibaba (NYSE:... More

Trading Radar for 7/27: Baidu (BIDU), Crane (CR), Norfolk Southern (HSC), Allison Transmission (ALSN), Sohu.com (SOHU) Report

July 24, 2015 3:27 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees 3.0%Durable Orders: ex. Transportation - Street sees 0.5%

Earnings:

AVX Corp. (NYSE: AVX) - consensus EPS $0.19
Accuride (NYSE: ACW) - consensus EPS $0.12
Bank Of Hawaii Corp. (NYSE: BOH) - consensus EPS $0.93
Changyou.com (Nasdaq: CYOU) - consensus EPS $0.66
EXCO Resources... More