NEW YORK (AdAge.com) -- One of Wall Street's more bullish analysts on AOL has now joined the company.
Leading internet analyst Jeff Lindsay has left Sanford C. Bernstein and joined AOL as VP for strategy and operations in its content division, reporting to AOL Media and Studios president David Eun.
Mr. Lindsay initiated coverage for AOL soon after it began trading separately from Time Warner late last year. He put a $31 price target on the stock in early December and rated it "outperform."
"The sales-oriented background of the new management team is ideally suited to rebuilding AOL's premium display inventory," Mr. Lindsay wrote in a research note.
At Bernstein, Mr. Lindsay also covered Google, Yahoo and Baidu. Prior to Bernstein, he was VP of broadband services at Time Warner Cable, where he first got to know Mr. Eun.
But Mr. Lindsay has an even longer history with AOL: He worked at the company in the late 1990s and was there when it acquired Time Warner. He later shifted to Time Warner corporate as a business strategist.
AOL's media and studios division includes all of AOL's web properties and content production, including outsourced content arm SEED and newly-acquired StudioNow. "Jeff will be charged initially with helping build a strategy and operations group," Mr. Eun said in an e-mail. "He will help identify and support our most critical priorities ranging from: new-product launches, evaluating operational performance of current offerings, and exploring partnership opportunities."
Mr. Lindsay is the latest in a string of prominent hires for AOL, including longtime New York Times reporter Saul Hansell, former Yahoo executive Brad Garlinghouse, and former Google executives Mr. Eun and Jeff Levick. Mr. Lindsay started at AOL on Monday.