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Fly News Breaks for July 31, 2015
LNKD
Jul 31, 2015 | 06:11 EDT
Brean Capital analyst Sarah Hindlian says that while the headline results looked strong given the addition of lynda.com, LinkedIn reported another weak quarter. The franchise Talent Solutions business excluding the lynda contribution showed another quarter of deceleration, Hindlian tells investors in a post-earnings research note titled "Stock"-holm Syndrome. Further, the FY15 core business outlook was cut by $10M, signaling ongoing declines, Hindlian points out. She reiterates a Sell rating on LinkedIn with a $172 price target.
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