Baidu downgraded at Morgan Stanley As previously reported, Morgan Stanley downgraded Baidu to Equal Weight from Overweight. The firm downgraded shares due to lower than expected margins due to increased investments. Price target cut to $179.50 from $185.40. Note that Stifel upgraded shares to Buy today.
Baidu upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.