Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on AOL

Related AOL
Benzinga's Volume Movers
Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Buyback Mania Inflates 2Q Earnings Growth (Fox Business)

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on AOL (NYSE: AOL), and raised its price target from $39.00 to $50.00.

Jefferies noted, “We reiterate our BUY & raise PT to $50 on a 'Beat & Raise' 3Q driven by solid Network performance. Focus remains: 1) driving sustained top & bottom lines via strategic operational / financial improvements; 2) delivering concrete shareholder value (share count down ~30% / $5.15 dividend); and 3) leveraging investments in premium content, advertising and core services.”

AOL closed on Tuesday at $43.70.

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AOL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters