Baidu Inc. (NASDAQ:BIDU) analysts reiterated as Outperform and the price target was raised to 295 from 250 at Oppenheimer. It has a 52-wk trading range of 159.54 – 274.97, and its consensus target price is 260.70.
Merck & Co. Inc. (NYSE:MRK) raised to Hold from Underperform at Jefferies after a wave of downgrades. Jefferies noted that its negative view had been based on the overly Bullish consensus regarding the durability of Keytruda’s growth prospects, and the sharp drop in the shares now removed the expected downside. Merck has a 52-wk trading range of 54.41 – 66.80.
Microsoft Corp. (NASDAQ:MSFT) was raised to Buy from Hold with a 95 price target at Argus. Argus believes that the company is well positioned to grow commercial revenue as the process of digital transformation continues, and it sees Azure cloud services, Dynamics CRM and Office 365 as primary growth drivers. Microsoft has a 52-wk trading range of 57.28 – 86.20.
Sinclair Broadcast Group Inc. (NASDAQ:SBGI) was started as Buy with a 43 price target at FBR Capital Markets.
Tyson Foods Inc. (NYSE:TSN) was started as Overweight and assigned an 82 price target at KeyBanc Capital Markets.
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