Benchmark Lowers AOL PT, Remains Hold

Benchmark lowered its AOL AOL price target from $23 to $14 and continued its AOL Hold rating in a research report published today. In the report, Benchmark states, "AOL reported soft domestic display results and cut its FY11 EBITDA forecast. The premium display sector growth appears hindered by network and social media competition." Shares of AOL were trading at $10.70 at the time of posting, down 29% from Monday's market close.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorAnalyst RatingsBenchmark
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!