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LinkedIn Was Downgraded 10 Times After Last Earnings Report

LinkedIn Corp (NYSE: LNKD) is set to recover a Q1 formula on Apr 28 after marketplace tighten and is approaching to broach upside in both tip and bottom line.

Wall Street expects a online veteran network to acquire $0.60 a share on income of $828.47 million. In a same entertain final year, a association warranted $0.57 a share on income of $637.69 million.

The batch saw 13 downgrades after a fourth entertain formula on Feb 4, with 10 of them entrance a day after. The downgrades were driven by a diseased superintendence for Q1. The association guided to a medium consecutive decrease in income and a pointy decrease in EBITDA, reflecting EBITDA domain contraction in a initial quarter.

Related Link: Will Wall Street Single Out LinkedIn Again This Earnings Season?

Following are a downgrades a batch saw on Feb 5:

  • Monness Crespi Hardt downgraded LinkedIn from Buy to Neutral.
  • Atlantic Equities cut a batch from Overweight to Neutral.
  • SunTrust Robinson Humphrey downgraded a rating for a association from Buy to Neutral.
  • Susquehanna downgraded LinkedIn from Positive to Neutral.
  • RBC Capital downgraded LinkedIn from Outperform to Sector Perform
  • Mizuho Securities downgraded LinkedIn from Buy to Neutral.
  • BMO Capital cut LinkedIn from Outperform to Market Perform.
  • Raymond James downgraded LinkedIn from Strong Buy to Market Perform.
  • JP Morgan downgraded LinkedIn from Overweight to Neutral.
  • Cowen cut a rating on a batch from Outperform to Market Perform
  • On Mar 16, Morgan Stanley downgraded a batch from Overweight to Equal-Weight.
  • On Mar 29, Barclays cut LinkedIn from Overweight to Equal-Weight.
  • On Apr 8, MKM Partners downgraded a batch to Neutral from Buy.

Posted-In: Earnings News Analyst Ratings

Article source: http://www.benzinga.com/analyst-ratings/analyst-color/16/04/7900636/linkedin-was-downgraded-10-times-after-last-earnings-rep

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