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Fly News Breaks for April 26, 2016
LNKD
Apr 26, 2016 | 06:12 EDT
Piper Jaffray analyst Gene Munster expects LinkedIn to return to its pattern of reporting revenue 4%-5% above the midpoint of its guidance with a slight revenue guide down when announcing results on Thursday, April 26. The results and guidance in-line with typical patterns should be viewed as a positive, Munster tells investors in a research note. He feels bad news relating to estimates is already priced into the shares following LinkedIn's 7% guide down for 2016. Munster keeps an Overweight rating on the shares with a $175 price target.
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