Market Overview

UPDATE: Morgan Stanley Downgrades Sohu.com on Low Visibility

Share:
Related SOHU
Benzinga's Top #PreMarket Losers
Thursday's After-Hours Movers: Sohu, Western Union, Insys Therapeutics, Affymetrix
The Zacks Analyst Blog Highlights: Baidu, Sohu.com, PetroChina and Alibaba - Press Releases (Zacks)

In a report published Tuesday, Morgan Stanley analyst Philip Wan downgraded the rating on Sohu.com (NASDAQ: SOHU) from Equal-Weight to Underweight, and lowered the price target from $60.70 to $57.60.

In the report, Morgan Stanley noted, “Despite solid performance from brand ads and Sogou, heavier investments in Changyou (online gaming) result in a softer 2014 margin outlook. Competition remains intense for its online video and search businesses. Move to UW due to low visibility on near-term margin with a new PT of US$57.6 per share.”

Sohu.com closed on Monday at $71.55.

Latest Ratings for SOHU

DateFirmActionFromTo
Jun 2015Mizuho SecuritiesUpgradesNeutralBuy
May 2015JP MorganDowngradesOverweightNeutral
Apr 2015Credit SuisseDowngradesOutperformNeutral

View More Analyst Ratings for SOHU
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Philip WanAnalyst Color Downgrades Analyst Ratings

 

Related Articles (SOHU)

Get Benzinga's Newsletters