iQIYI (IQ) Reports Q2 Loss of $0.45/Share

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Goldman Sachs Downgrades iQIYI (IQ) to Neutral

August 2, 2018 7:31 AM EDT

Goldman Sachs downgraded iQIYI (NASDAQ: IQ) from Buy to Neutral with a price target of $30.00 (from $23.00).

Analyst Piyush Mubayi comments that the rally in the equity has factored in positive upside catalysts already and steps aside noting there is favorable return alternatives... More