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Baidu (BIDU) got a price target cut on Tuesday from Summit Research, which said that the company, China’s search leader, is already losing business from major advertisers and is expected to feel a sting after selling its online health forums to “unqualified medical agencies that posted misleading information. ” Summit Research analyst Henry Guo lowered his price target on Baidu stock to 169 from 189 while maintaining a hold rating, citing “the Scalper1 News
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