UPDATE: Bank of America Raises PO on Qihoo on Mobile Monetization with Growing Search
May 21, 2013 at 11:26 AM EDT
In a report published on Tuesday, Bank of America analyst Chao Wang raised the price objective on Qihoo (NYSE: QIHU ) from $41 to $50, and reiterated a Buy rating. In the report, Bank of America stated, "Management also indicates that they have stepped up monetization on the
