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Fly News Breaks for February 5, 2016
LNKD
Feb 5, 2016 | 08:08 EDT
After LinkedIn's guidance came in below expectations and the shares tumbled nearly 30% in after hours, Stifel says the shares should deliver good returns from Monday until the end of the year. The firm says the company "is known for its conservative guidance," and it thinks the company's talent, sales, and learning & development businesses should deliver strong results for the remainder of the year. The firm is upbeat on what it sees as the company's strategy of focusing on "high value" initiatives. It cut its price target on the name to $220 from $270 but keeps a Buy rating.
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