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Oppenheimer Cuts Price Target on Baidu.com (BIDU) Following Investigation Results Announced by CAC
May 10, 2016 10:16 AM EDTOppenheimer maintained an Outperform rating on Baidu.com (NASDAQ: BIDU), and cut the price target to $225.00 (from $240.00), following an investigation into the company's recent wrongdoing in healthcare advertising. The results were announced by the Cyberspace Administrative of China (CAC) on Monday.
Analyst Jason... More
