Deutsche Bank Upgrades Sohu.com (SOHU) to Buy
More News related to SOHU
- Morning Movers 10/27: Embarq (EQ) Higher on Buyout; U.S. Steel (X) Lower on Downgrade
- Sohu.com (SOHU) Tops Q3 EPS by 13c, Guides Above; Announces $150M Buyback
- SOHU.COM Announces US$150 Million Stock Repurchase Program
- Sohu.com Reports Third Quarter Unaudited Financial Results
- Trading Radar for 10/27: Verizon (VZ), Humana (HUM), CF Industries (CF), Micrel (MCRL), Sohu.com (SOHU) Report; New Home Sales for Sept. Due
Deutsche Bank upgrades Sohu.com (Nasdaq: SOHU) from Hold to Buy with an $86 price target, citing an attractive valuation.
The firm said, "We believe the concerns regarding the planned spin-off of the online gaming business and the outlook for online brand advertising in 2009 are overdone. We believe the online gaming business continues to be attractive as TLBB is still in an early stage of its lifecycle while online brand advertising will continue its robust growth via the shift of ad dollars from traditional media formats.
Upgrade to Buy."
Related Categories
UpgradesStocks Mentioned
-1.17Related 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!
