UPDATE: Goldman Sachs Assumes AOL at Neutral on Content and Margin Uncertainties
Goldman Sachs assumed AOL (NYSE: AOL) with a Neutral rating and a $35.00 price target.
Goldman Sachs commented, "While AOL has roughly 22% revenue exposure to ad tech, and arguably one of the more complete stacks (though it trails Google), the uncertainty around its content business and ability for it to drive margin before profits from the access business run out, overshadows growth and share gains in this segment, in our view."
AOL closed at $30.80 on Wednesday.
Latest Ratings for AOL
|Dec 2014||Monness Crespi Hardt||Initiates Coverage on||Buy|
|Nov 2014||Cantor Fitzgerald||Maintains||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.