Baidu Announces Proposed Offering of Exchangeable Bonds

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Citi Reiterates Buy Rating on Baidu (BIDU)

March 7, 2025 6:03 AM EST

Citi analyst Alicia Yap reiterated a Buy rating and $139.00 price target on Baidu (NASDAQ: BIDU).

The analyst comments "We believe through the proposed offering of US$2bn exchangeable bonds (due 2032) today and Rmb10bn (US$1.38bn) offering of CNY-Denominated Senior... More