CICC Downgrades Baidu To Hold

CICC downgraded Baidu Inc (ADR) (NASDAQ: BIDU) from Buy to Hold.

The price target for Baidu has been lowered from $258.00 to $212.00.

Baidu shares have gained 25.25 percent over the past 52 weeks, while the S&P 500 index has surged 10.86 percent in the same period.

Baidu shares rose 0.61 percent to $201.50 in pre-market trading.