UPDATE: Macquarie Raises on Qihoo 360 Technology as Search and Mobile Drives Upside
November 26, 2013 at 11:25 AM EST
In a report published Tuesday, Macquarie Capital analyst Jiong Shao reiterated an Outperform rating on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU ), and raised the price target from $90.00 to $118.00. In the report, Macquarie Capital noted, “Qihoo reported strong Q3 results and provided better than expected Q4 guidance,
