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Fly News Breaks for May 1, 2015
LNKD
May 1, 2015 | 08:34 EDT
Morgan Stanley said the reduction in LinkedIn's 2015 EBITDA guidance by 20% was disappointing but was driven by FX and one-time items, and core EBITDA guidance was only reduced by 5%. The firm views the 21% after-market weakness in shares as an overreaction and recommends buying on weakness. Morgan Stanley rates LinkedIn an Overweight with a $300 price target, reduced from $310.
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