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Fly News Breaks for February 8, 2016
LNKD
Feb 8, 2016 | 09:18 EDT
After LinkedIn's stock tumbled 43% on Friday following its weaker than expected guidance, Argus indicates that it thinks the miss was largely due to the company's decision to "terminate an unpromising product." Argus views the latter decision as positive, and thinks that the huge drop in the stock "seems perverse." It reiterates a Buy rating on the shares.
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