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Qihoo 360 Technology (QIHU) is now handling some 23% of China’s search traffic, continuing its gain on market leader Baidu (BIDU), say Stifel Research analysts, who upgraded the stock to buy on Monday. “We believe 2014 is the year when Qihoo begins to narrow the spread between its search query share of 23% and its search revenue share of less than 2%,” wrote Stifel analysts in a research note. Qihoo stock was up 4.5% in afternoon trading in the Scalper1 News
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