UPDATE: Morgan Stanley Reiterates on Sohu.com Following 4Q13 Results

In a report published Monday, Morgan Stanley analyst Philip Wan reiterated an Equal-Weight rating on

, but removed the $60.70 price target. In the report, Morgan Stanley noted, “Total sales grew 29% YoY to US$385mn, 1% below our forecast and in line with its guidance (up 26-30% YoY). Non-GAAP diluted EPS was US$0.12, better than its original guidance (loss per share of US$0.30-0.35), as some investments were partially postponed to 1Q, in our view.” Sohu.com closed on Friday at $71.52.