We are downgrading Sohu.com Inc. (SOHU) to Underperform from our pervious Neutral rating and reducing our six-month price target to $45, approximately 10.3x 2010 earnings, a discount to the industry average. We expect the stock to continue trading at a discount. While the company’s third-quarter earnings beat the Zacks Consensus Estimate and was in line with [...] ($SOHU) Sohu.com Downgraded to Underperform