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67490 JP#HSI RC2609R (R BULL)
RT Nominal down0.410 -0.005 (-1.205%)

25/11/2024 14:37

{I-bank focus}Macquarie lowers Baidu (09888) to HKD83

[ET Net News Agency, 25 November 2024] Macquarie lowered the target price for Baidu
(09888) to HKD83 from HKD122 and maintained the "neutral" rating.
The research house said it lowers 2024E/25E EPS by 8%/20% to reflect the impact on
Baidu's core ads from challenging macro headwinds ahead. (rc)

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