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AOL gaining traction with advertisers, says Wells Fargo

After AOL reported that its U.S. display business grew 6% in Q1 versus a 3% decline in the previous quarter, Wells Fargo thinks that the change shows that the company is gaining traction with advertisers.. The firm isn't concerned about weakness at AOL Networks as it thinks that display is a more important business for the company and has higher margins than networks. The firm keeps an Outperform rating on the shares.