UPDATE: Stifel Raises PT on Qihoo 360 Following 2Q13 Beat and Raise

In a report published Monday, Stifel analyst George Askew reiterated a Buy rating on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU ), and raised the price target from $55.00 to $100.00. In the report, Stifel noted, “The remarkably strong growth continues at Qihoo as the company soundly beat 2Q13 estimates