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UPDATE: Morgan Stanley Downgrades on Low Visibility

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In a report published Tuesday, Morgan Stanley analyst Philip Wan downgraded the rating on (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.” closed on Monday at $71.55.

Latest Ratings for SOHU

Feb 2016MacquarieMaintainsNeutral
Nov 2015Goldman SachsDowngradesNeutralSell
Oct 2015MacquarieMaintainsNeutral

View More Analyst Ratings for SOHU
View the Latest Analyst Ratings

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


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