Benchmark Comments On AOL Investor Day

According to Benchmark, AOL

investor day was well presented and informative but did not offer any significant news. Benchmark said that AOL laid out a vision for its comeback, focusing on five main areas, while whittling that down to three focal points, content, video, and local. “We maintain that a turnaround is possible but fear erosion of asset support through investments and future possible acquisitions. We maintain a $23 price target and Hold rating.” AOL closed yesterday at $20.59.