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<Research>CCBI Axes BIDU-SW TP to $101.04, Projects 1Q Results to be Roughly In Line
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CCB International released a research report, cutting the target price for BIDU-SW (09888.HK) from HKD105.03 to HKD101.04 and for its U.S. shares (BIDU.US) from USD108 to USD103.9, while retaining an Outperform rating. The broker expected Baidu’s 1QFY25 results performance to broadly meet expectations, forecasting a 1% YoY hike in core revenue, driven by robust cloud business growth offsetting advertising pressures. AAStocks Financial News |
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