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Fly News Breaks for June 29, 2015
SOHU
Jun 29, 2015 | 07:04 EDT
Mizuho upgraded Sohu.com to Buy and increased its price target to $70 from $46 and said its strong balance sheet makes it an attractive privatization candidate. The firm believes Sohu's buildings are undervalued and estimates shares trade at a 17% discount to equity value using a SOTP method.
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