UPDATE: Citigroup Raises PT on Qihoo 360 Technology Following 3Q Earnings Beat
November 26, 2013 at 11:24 AM EST
In a report published Tuesday, Citigroup analyst Bin Liu reiterated a Buy rating on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU ), and raised the price target from $87.00 to $115.00. In the report, Citigroup noted, “Qihoo's 3Q13 non-GAAP net profit of US$61.5m (up 154% yoy) beat Citi/Bloomberg consensus by