Qihoo 360 price target raised to $120 from $100 at Maxim Maxim raised its price target for Qihoo 360 shares to $120 ahead of the company's Q4 results on March 6 and keeps a Buy rating on the stock. The firm expects search and mobile games, coupled with improving margins in 2014, to drive Qihoo's growth over the next few years.
China mobile game sector to grow slower in 2015, says Rosenblatt Rosenblatt says Tencent reported below consensus numbers, particularly in mobile games, where revenue fell sequentially. The firm expects China's mobile game sector to grow slower in 2015 and remains on the sidelines with regards to shares of Sky-mobi (MOBI), China Mobile Games (CMGE) and iDreamSky (DSKY). Rosenblatt thinks Qihoo's(QIHU) mobile game distribution business will also be hurt by the slowing growth.