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Fly News Breaks for May 1, 2015
LNKD
May 1, 2015 | 09:21 EDT
Cowen said the selloff in LinkedIn shares following Q1 earnings is overdone, as the firm believes the EBITDA guidance cut was closer to 4% and not the 20% headline. The firm also sees its Sales Navigator TAM growing and expects Lynda.com EBITDA to be positive. Cowen reiterated its Outperform rating and lowered its price target to $260 from $290 on LinkedIn shares.
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