Morgan Stanley kicks AOL while it's down

"...and your (kick) target share price (kick) is going to be lowered by six (kick) bucks..."

By Sonya Rabbitte, 9 April 2002 11:19

NEWS AOL has been hit by another blow after Morgan Stanley lowered its target share price for the company from $36 to $30. But Morgan Stanley analyst and renowned internet guru Mary Meeker maintained AOL's investment rating at 'overweight/in-line'. AOL shares have dropped 43 per cent in value over the past 12 months. In its latest financial crisis, the company last month announced a $54bn write off on investments. Shares in AOL dropped 2.1 per cent yesterday to close at $21.95 For related news, see:
AOL stands accused of

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ