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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Sosmartinov who wrote (38354)5/11/1999 9:51:00 AM
From: JakeStraw  Respond to of 90042
 
RESEARCH ALERT- AOL raised to strong buy

NEW YORK, May 11 (Reuters) - Morgan Stanley on Tuesday said analyst Mary Meeker raised her rating on the shares of America Online Inc. to strong buy from outperform.

-- AOL shares are trading 27 percent off the 52-week high, having recently slipped after AT&T Corp. (T - news) emerged the victor in its bid to acquire MediaOne Group Inc. (UMG - news).

-- But Meeker says AOL's fundamentals remain strong, and expects that the company will be upbeat at its upcoming analyst meeting on May 19.

-- In a brief, she notes that AOL has ''leverage to embrace broadband. On January 13, AOL and Bell Atlantic (Corp. (BEL - news)) announced a strategic alliance to provide high-speed DSL access to AOL customers in Bell Atlantic's areas. And on March 11, AOL and SBC Communications (Inc. (SBC - news)) announced a similar deal.''

-- Shares of AOL closed at 128-5/16 on Monday. In pre-open trade on Tuesday, the shares climbed to 134-3/4.