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Fly News Breaks for February 8, 2016
LNKD
Feb 8, 2016 | 07:49 EDT
After LinkedIn's stock tumbled over 43% Friday following its weaker than expected guidance, Stifel says that long-term investors can be rewarded by buying the stock today. After comparing LinkedIn's businesses to those of its peers, Stifel thinks the shares have a 12-month forward fair value of $180. The firm says the company has "a dominant, global franchise." It cut its price target on the name to $180 from $220 but keeps a Buy rating.
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