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Fly News Breaks for May 5, 2015
AOL
May 5, 2015 | 06:18 EDT
Goldman downgraded AOL to Sell and reduced its price target to $38 from $44 ahead of the May 8 earnings report. Firm sees some risk to Q1 due to sales force disruptions and platform integration and is increasingly concerned about relative ad performance as other companies such as Facebook (FB) expand off platform capabilities. Goldman expects Q1 gross revenues of $584M, below consensus of $595M and non-GAAP EPS of 34c, in line with consensus.
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