UPDATE: Barclays Lowers PT on Baidu.com on Reset Margins
April 26, 2013 at 10:25 AM EDT
In a report published Friday, Barclays analyst Alicia Yap reiterated an Equal-Weight rating on Baidu.com (NASDAQ: BIDU ), but lowered the price target from $108.00 to $98.00. In the report, Yap noted, “While Baidu was able to guide reasonable topline growth of 35-38% y/y for 2Q13, the significant margin decline
