Barclays Maintains an 'Equalweight' on AOL, Inc. (AOL); Another Step Closer

June 29, 2012 1:38 PM EDT
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Barclays maintains an 'Equalweight' on AOL, Inc. (NYSE: AOL) price target of $31.00.

Analyst, Anthony DiClemente, raises FY12 EPS estimate from $1.38 to $1.62 and FY13 from $1.48 to $2.34. DiClemente views the recent Dutch auction ($400 million repurchase) as a positive step toward AOL's goal to return $1.1 billion back to shareholders (in 2012). A dividend may even be in the works to reach that goal. However, the Barclays analyst rated the company/stock at EW because AOL is still in turnaround story, and would wait for a pick up in display business first.

For an analyst ratings summary and ratings history on AOL, Inc. click here. For more ratings news on AOL, Inc. click here.

Shares of AOL, Inc. closed at $27.50 yesterday.

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