This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC1M1B4_M.jpgInvestingPro subscribers got this news first. Never miss another market-moving headline.
Morgan Stanley upgraded Baidu (NASDAQ:BIDU) to Overweight from Equalweight and raised its price target to $190.00 from $160.00, as reported in real time on InvestingPro.
The company announced on Friday that it has secured a commercial license from regulators for its driverless ride-hailing service in Shenzhen. Baidu has already acquired licenses for fully driverless services in three other Chinese cities, namely Wuhan, Chongqing, and Beijing. It is currently awaiting a commercial license in Beijing.
Last month, the company reported its Q1 earnings, with EPS and revenues coming in better than the consensus estimates.
Citi upgraded Philip Morris (NYSE:PM) to Buy from Neutral and raised its price target to $117.00 from $109.00. As a result, shares rose more than 1% in pre-market today.
The company is set to report its Q2/23 earnings next month. Street estimates stand at $1.49 for EPS and $8.78 billion for revenues.
JMP Securities upgraded EPR Properties (NYSE:EPR) to Market Outperform from Market Perform with a price target of $54.00.
US Foods (NYSE:USFD) shares rose more than 1% pre-market today after Morgan Stanley upgraded the company to Overweight from Equalweight and raised its price target to $54.00 from $46.00.
Credit Suisse upgraded Studio City International (NYSE:MSC) to Outperform from Neutral and raised its price target to $11.00 from $7.50.
Amid an endless firehose of market headlines, jump on the most important ones to fatten your profits: Always be the first to know with InvestingPro.
Start your free 7-day trial now.
