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Sohu (SOHU) +3.7% after Citi starts coverage with a Buy and uses a sum-of-the-parts analysis to...

Sohu (SOHU) +3.7% after Citi starts coverage with a Buy and uses a sum-of-the-parts analysis to value the company at $63.70, 55% above current levels. The recent showdown between Qihoo and Baidu's search engines highlights the value of Sohu's Sogou engine and input software, Citi argues, and the company's Changyou (CYOU) subsidiary is an "innovator" in a crowded Chinese online gaming market. (Citron Research)
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