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Morgan Stanley Sticks to Their Hold Rating for Baidu, Inc. Class A (9888)
In a report released on April 13, from Morgan Stanley maintained a Hold rating on Baidu, Inc. Class A, with a price target of HK$131.63. The company’s shares closed yesterday at HK$107.40.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baidu, Inc. Class A with a HK$169.46 average price target.
Based on Baidu, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$29.4 billion and a net profit of HK$843.38 million. In comparison, last year the company earned a revenue of HK$34.12 billion and had a net profit of HK$5.19 billion
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