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Stock Market & Financial Investment News

News Breaks
December 31, 2012
07:35 EDTBIDUBaidu estimates lowered at Credit Suisse
Credit Suisse expects Baidu to use the $1.5B proceeds from its debt raising for M&A and lowered estimates to account for increased costs and risks. The analyst believes Baidu may be targeting Kingsoft to hedge against Qihoo (QIHU) or UCweb for its mobile search. The firm reiterates its Underperform rating and lowered its price target to $80 from $82.
News For BIDU From The Last 14 Days
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August 31, 2015
05:44 EDTBIDUBaidu upgraded to Buy from Hold at Jefferies
Jefferies analyst Cynthia Meng upgraded Baidu to Buy saying concerns around search ad spending are overdone. Recent channel checks with top ad agents indicated "strong traction" for performance-based ads, with any cuts to ad budgets being mostly offset by more allocation toward key word search from display ads, Meng tells investors in a research note. At current levels, Meng believes Baidu shares have largely priced in reduced earnings growth expectations. She keeps a price target of $210 for the stock. The Chinese search giant closed Friday up 7c to $152.13.
August 24, 2015
05:57 EDTBIDUStocks with implied volatility below IV index mean; BIDU GOOG
Stocks with implied volatility below IV index mean; Baidu (BIDU) 41, Google (GOOG) 31 according to iVolatility.
August 20, 2015
07:20 EDTBIDUCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.

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