Jefferies Boosts Numbers on AOL (AOL) After Q3

Jefferies raised its price target on AOL, Inc. (NYSE: AOL) from $17 to $18 but kept its Hold rating, citing a lower share count.

The firm substantially raised FY11 EPS from $0.27 to $1.86.

The firm comments, "AOL's top-line results beat Street consensus on better Search and Network revs, while strong cost containment led to a comfortable bottom-line beat. While there continues to be improvement on the margin, we may have to wait a few more quarters to get confirmation on the resumption of top and bottom line growth."

href="http://www.streetinsider.com/stock_lookup_news.php?q=AOL&type=analyst">click here and for the rating history of AOL, Inc. click here.

Shares of AOL, Inc. closed at $15.02 yesterday.

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