MKM Partners said LinkedIn shares are down following Q2 results due to concerns of a second half slowdown in core organic growth. The firm agrees that Display ad deterioration is a negative but notes its a small contributor and is being replaced by fast-growing, more sustainable advertising businesses within the company. MKM said more important factors, with encouraging progress are upside in Talent Solutions, Sponsored Updates growth, a promising Sales Navigator ramp, and increased year-over-year growth of spending per average account. MKM Partners would use weakness as a buying opportunity and reiterates its Buy rating and $285 price target.