Morgan Stanley Issues Pessimistic Forecast for Baidu (NASDAQ:BIDU) Stock Price

Morgan Stanley Issues Pessimistic Forecast for Baidu (NASDAQ:BIDU) Stock Price

Baidu (NASDAQ:BIDU – Get Free Report) had its price objective dropped by analysts at Morgan Stanley from $150.00 to $135.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “equal weight” rating on the information services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 8.49% from the stock’s current price. Several other equities analysts have also weighed in on BIDU. N…