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Fly News Breaks for February 5, 2016
LNKD
Feb 5, 2016 | 08:48 EDT
CLSA analyst James Lee said half of Buy rated LinkdIn's Q4 miss was due to one-time items, not structural issues. Lee said Marketing Solutions down guidance was caused by the Bizo closing, lower engagement was temporary due to introducing a new flagship app, and Talent Solutions net adds accelerated in the quarter. The analyst views the 25% after hour selloff as overdone given the level of guidance miss but did lower his price target to $250 from $310 on LinkedIn shares.
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