Jefferies Bumps Price Target on AOL (AOL) to $19, Remains On the Sidelines

Jefferies lifted its price target on AOL, Inc. (NYSE: AOL) from $18 to $19 but maintained a Hold rating following Q4 results.

The firm comments, "AOL's revenues came in slightly ahead of muted expectations on out-performance in Access and Search, while OIBDA was better on cost containment. Put in context, 4Q results show AOL's slow but steady progress towards getting the core ad business to grow again while optimizing costs. We are maintaining a Hold rating and adjusting our ests/PT to $19."

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 $17.76 yesterday.

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