Citi raised the firm’s price target on Sohu.com to $17 from $16 and keeps a Buy rating on the shares. While Sohu’s Q4 results beat estimates thanks to outperformance in online games and narrower loss, its online ad revenue guidance for Q1 missed the firm’s expectation despite online games guidance being in line, the analyst tells investors in a research note. The firm noted that the slower repurchase pace is mainly due to low trading volume.
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