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Qihoo 360 Technology Co. Ltd. Message Board

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  • harrypotterisawizard harrypotterisawizard Jan 18, 2013 1:07 PM Flag

    Qihu upgraded today to $38 by Jefferies

    that was two days ago

    Sentiment: Strong Sell

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    • In a report published Friday, Jefferies & Company reiterated its Buy rating on Qihoo 360 Technology Co. (NYSE: QIHU [FREE Stock Trend Analysis]), and raised its price target from $35.00 to $38.00.

      Jefferies noted, “During Jefferies China TMT tour, we met with Mr. Hongyi Zhou, Qihoo's Chairman, and Mr. Alex Xu, Co-CFO. Mgmt confirmed cooperation with Google, and is developing its own sales network. Search market share should gradually expand. Mobile security and app store are key focuses. Qihoo is preparing a mobile game platform. Mgmt expects no meaningful impact from Baidu's investment in Kingsoft. Reiterate Buy. PT revised up by 9% to USD38.”

      Qihoo 360 Technology Co. closed on Thursday at $30.50.

      Sentiment: Strong Buy

 
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