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