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Citi Downgrades Baidu On Guidance Risk
Monday, June 13, 2016 - 9:04am | 281Citi’s Alicia Yap believes there could be risk of Baidu Inc (ADR) (NASDAQ: BIDU) not being able to meet its 2Q16 revenues guidance, while also potentially guiding to 3Q16 below the consensus expectations. Yap downgraded the rating on the company from Buy to Neutral and lowered the price...