Andrew McNellis

Evercore upgraded AOL, Inc. (NYSE: AOL) to Buy with a $48 price target in a report issued Wednesday. Analysts led by Andrew McNellis noted that "assuming no change to AOL's ad market share, we still see the potential for continued OIBDA outperformance if the company can scale margins...

In a report published Thursday, Evercore Group analyst Andrew McNellis downgraded the rating on Millennial Media (NYSE: MM) from Overweight to Equal-Weight, but reiterated the $5.00 price target. In the report, Evercore Group noted, “We initiated coverage of Millennial Media with the thesis that...