Barclays cuts Baidu target to $80 and keeps American Express at equal-weight
Barclays lowered its Baidu price target to $80 from $96 and kept an equal-weight rating. It also maintained its equal-weight rating on American Express.
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what happened
Dow Jones Newswires, citing Benzinga ratings data, reports that Barclays cut its price target on Baidu (BIDU) to $80 a share from $96. The equal-weight rating on the company was left unchanged.
In a separate update, Barclays maintained its equal-weight rating on American Express (AXP). No change to its price target was reported.
why it matters
The lower target suggests analysts are revising their valuation of the Chinese internet company, while keeping the rating points to a neutral stance on both stocks. Moves like these typically affect sentiment in individual shares but rarely shift the broader market.
tags
instruments
sources
- Baidu Is Maintained at Equal-Weight by Barclays — Dow Jones Newswires, 26 October 2026 at 14:44 UTC
- American Express Is Maintained at Equal-Weight by Barclays — Dow Jones Newswires, 26 October 2026 at 14:43 UTC
- Procter & Gamble Is Maintained at Equal-Weight by Barclays — Dow Jones Newswires, 26 October 2026 at 15:13 UTC
- Robert Half Is Maintained at Equal-Weight by Barclays — Dow Jones Newswires, 26 October 2026 at 15:18 UTC
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