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AOL (NYSE:AOL): Current price $29.83
AOL sees its shares begun at Cantor Fitzgerald with a Hold, along with a price target of $32. The firm comments that, “While we believe management has done a remarkable job creating shareholder value since the spin-off through asset sale, operational turnaround is still a work-in-progress, which if successful, could put the company back on a growth path and make AOL a major player again. At current valuation, we find the upside from low-hanging fruit already picked; management now needs to demonstrate that core O&O display ad revenue can grow at/near industry rates for further stock upside.”
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