Form 6-K Baidu, Inc. For: Jul 29
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/17/2026
- Wall Street indexes slip as oil prices rise, retail results awaited
- Trump threatens to bomb Oman over Iran stance
- Why this Wall Street strategist says the "trade is long gold"
- U.S. EV market shows signs of bottoming out: Bernstein
- Micron rises as White House presses Apple to avoid Chinese memory chips
- Wall Street indexes slip as oil prices rise, retail results awaited
- Oil settles up over $2 as Iran war stalemate stokes supply concerns
- Trump threatens to bomb Oman over Iran stance
- L3Harris CEO steps down amid conduct review, shares drop
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
Baidu's (BIDU) Price Target Trimmed at Deutsche Bank
July 29, 2016 9:05 AM EDTDeutsche Bank maintained a Buy rating on Baidu (NASDAQ: BIDU) and lowered its price target to $182.00 (from $199.00). The change follows an in-line print with soft guidance.
Commenting on results, analyst Alan Hellawell said, "Baidu delivered in-line results; rev grew 10% YoY to RMB18.3bn. Non-GAAP net income declined 19% YoY to RMB2.8bn. The company yet again underspent on subsidies and SG&A (RMB4.2bn vs DBe RMB5.0bn) although... More
