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Fly News Breaks for March 12, 2015
LNKD
Mar 12, 2015 | 08:07 EDT
Canaccord believes the operating momentum at LinkedIn should outweigh valuation concerns. The firm cited the recurring revenue nature of its business, the company being on the cusp of exploiting a new product opportunity, and the likelihood of upward revisions being able to provide a positive backdrop for the stock. Canaccord reiterated its Buy rating and raised its price target to $300 from $285 on LinkedIn shares.
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