Qihoo 360 Technology (QIHU) Tops Q4 EPS by 5c; Guides Q1 Revs

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Jefferies Downgrades Qihoo 360 Technology (QIHU) to Hold

March 6, 2013 8:31 AM EST

Jefferies downgraded Qihoo 360 Technology (NYSE: QIHU) from Buy to Hold with a price target of $31.00 (from $38.00). The downgrade reflects valuation and prospects for lower profit growth. The downgrade follows Qihoo's Q4 report yesterday.

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