Morgan Stanley Downgrades Baidu to Underweight, Lowers Price Target to $80

Benzinga Newsdesk www.benzinga.com Negative 88.0%

Neg 88% Neu 0% Pos 0%

Morgan Stanley analyst Gary Yu downgrades Baidu (NASDAQ:BIDU) from Equal-Weight to Underweight and lowers the price target from $130 to $80.