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Fly News Breaks for June 3, 2015
LNKD
Jun 3, 2015 | 06:39 EDT
JPMorgan added LinkedIn to its U.S. Equity Analyst Focus List and reiterates an Overweight rating on the name with a $300 price target. After corporate and industry meetings, analyst Doug Anmuth calls the professional social network "the most actionable name" in his coverage universe. The factors leading to LinkedIn's 20% lower EBITDA guidance for 2015 are short-term and fixable, he tells investors today in a research note. Anmuth believes LinkedIn is seeing its net ratio improve through Q2. The stock closed yesterday up $4.05 to $204.82.
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