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Fly News Breaks for March 16, 2016
LNKD
Mar 16, 2016 | 05:44 EDT
Piper Jaffray analyst Gene Munster points out that while shares of LinkedIn are up 20% from their lows, the stock is still down about 40% since the company's Q4 earnings report. LinkedIn remains well positioned for the long-term as its "relatively unchallenged" in its Talent Solutions segment, Munster tells investors in a research note. Bad news for the year should be priced in and consensus estimates for 2016 "are in a good place," the analyst contends. Munster continues to believe in LinkedIn's long-term prospects and maintains an Overweight rating on the name with a $175 price target.
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