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.