Sohu.com price target raised to $20 from $18 at Jefferies
Jefferies analyst Thomas Chong raised the firm’s price target on Sohu.com (SOHU) to $20 from $18 and keeps a Buy rating on the shares after the company reported Q3 results and gave Q4 guidance. During the associated conference call, management highlighted that Sohu continues to have innovative and unique marketing solutions to attract ad budgets amid macro uncertainties, the analyst tells investors.
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