Analyst Ratings for Changyou.com (CYOU) [Neutrals]

Overall Rating: BUY Rating Trend:

Avg. $ Target: $34.89 (+17.2%)

Date	Firm	Type	Rating (Past)	PT (Past)	Start $	End $	% Chg.	Details
5/1/2012	Roth Capital	Downgrade	Neutral (N/A)	26.00 (N/A)	24.22	29.76	22.87%	Details
2/7/2012	Goldman Sachs » Updated 2/5/2013	Downgrade	Neutral (N/A)	32.00 (30.00)	25.31	29.76	17.58%	Details

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