Qihoo 360 price target lowered to $100 from $130 at Maxim Maxim lowered its price target for Qihoo 360 to $100 citing recent contraction in the sector but it keeps a Buy rating on the stock. Maxim says Qihoo's Q1 results in late May will likely be higher than consensus and that PC search revenue could grow faster than expected in 2014.
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.