JP Morgan (NYSE:JPM) cut its price target on shares of Sohu.com (NASDAQ:SOHU) from $91 to $68, but shares of the company are still trading 2% higher premarket.The company’s shares are being buoyed by the fact that JPM’s new target price still shows 28% of upside from its current price as analysts maintained their Overweight rating.Sohu.com (NASDAQ:SOHU) has potential upside of 51.1% based on a current price of $53.79 and an average consensus analyst price target of $81.27.Sohu.com is currently above its 50-day moving average (MA) of $52.43 and should find resistance at its 200-day MA of $70.79.
