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Fly News Breaks for May 1, 2015
LNKD
May 1, 2015 | 06:42 EDT
Piper Jaffray analyst Gene Munster lowered his price target for LinkedIn shares to $246 from $297 after the company's guidance missed expectations but says increased spending is likely the right move longer term. Munster thinks the surprise of the investment will quickly fade and reiterates an Overweight rating on LinkedIn.
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