Qihoo 360 (NYSE:QIHU): Stifel has increased its price target on Qihoo to $100 from $55 after the company delivered beat and raised results, and thinks that the company’s search revenue growth alone could double the size of the company. The firm keeps a Buy rating on the shares.
Express (NYSE:EXPR): Brean Capital believes that the Express business model is among the strongest in retailing and called the risk/reward impressive. The firm remains buyers ahead of earnings on Wednesday despite reducing estimates to reflect the promotional atmosphere, and the shares remain Buy rated with a $28 price target.
TiVo (NASDAQ:TIVO): Brean Capital believes that TiVo is worth more than its current valuation, citing its strong value proposition, broad customer base, and a growing market opportunity. The firm notes the legal overhang as well as its uncertain relationship with its largest customer but reiterates its Buy rating and $14 price target.
Siemens (NYSE:SI): Jefferies has downgraded Siemens to Hold from Buy based on slowing gross domestic product in India. The firm reports that global engineering and construction revenues have weakened as Indian GDP has slowed over the past 20 years.