Citi Resumes Coverage on Sohu.com (SOHU) with a Buy
More News related to SOHU
- Don't Miss Out! The Registration Period for the 2010 IR Global Rankings Ends TOMORROW!
- Time Is Running Out to Have Your IR Program Independently Evaluated!
- Pay88, Inc. (PAYI.OB), Goes Mobile With Sohu.com Inc.
- RBC Downgrades Sohu.com (SOHU) to Sector Perform
- Morning Movers 10/26: NYER, SMLC, IGLD, AMIE, ALD, PRKR Higher; FTWR, PVTB, SMA, FOH, SOHU Lower
More News related to New Coverage
- S&P Announces Change to US Index: LL for UCBH
- Electronic Arts (ERTS) Makes Major Job Cuts As Q2 Profits Lag
- Kraft (KFT) to Ask Holders to Vote to Issue New Shares
- Sprint Nextel (S) Aims to Reduce Labor Costs by $350M in Q409
- Highlights From DISH's Q3 Conference Call - Q&A Session
Citi resumes coverage on Sohu.com (Nasdaq: SOHU) with a Buy. Price target $75.
Citi analyst says, "Sohu's Changyou gaming subsidiary offers a high-growth, high-margin, highly defensive revenue stream, and its leading portal offers leverage into the eventual recovery. When multiples again expand, Sohu's superior earnings (and growth) make this the portal to own. Moreover, Sohu's management team has been making all the right moves over the past 2+ years and, flush with cash and confidence, we expect Sohu to be the aggressor on the portal competitive front in coming years. Accordingly, we believe Sohu deserves to trade at a premium to its peers: with no execution/integration issues, we rate Sohu low risk and our SOTP offers a fair value of US$75 per share."
To see more analyst ratings on SOHU Click Here.
Sohu.com Inc. (Sohu) is an Internet company in China, providing Chinese with news, information, entertainment and communication.
Related Categories
New CoverageStocks Mentioned
+2.28Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
