Miller Tabak Upgrades AOL Inc. (AOL) to Buy, +30% Upside To Their Price Target
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Price: $37.16 -0.51%
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AOL Now!
Miller Tabak upgraded shares of AOL, Inc. (NYSE: AOL) to a Buy rating from their previous rating of Neutral as the stock has fallen to a point where there is +30% potential upside to their short term price Target of $25.
They report that, "We are taking the opportunity intraday when global and domestic macroeconomic fears are pressuring the markets, but we believe AOL could be an intriguing Buy for those with a contrarian bent and a long time horizon." They are reiterating their estimates except for their FY11 which was raised to $1.35 from $0.78, and states that the HuffPo acquisition is already priced into their estimates.
For more ratings news on AOL, Inc. click here and for the rating history of AOL, Inc. click here.
Shares of AOL, Inc. closed at $19.34 yesterday, with a 52 week range of $19.00-$29.45.
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They report that, "We are taking the opportunity intraday when global and domestic macroeconomic fears are pressuring the markets, but we believe AOL could be an intriguing Buy for those with a contrarian bent and a long time horizon." They are reiterating their estimates except for their FY11 which was raised to $1.35 from $0.78, and states that the HuffPo acquisition is already priced into their estimates.
For more ratings news on AOL, Inc. click here and for the rating history of AOL, Inc. click here.
Shares of AOL, Inc. closed at $19.34 yesterday, with a 52 week range of $19.00-$29.45.
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