The company's shares were down 2.7 percent at $156.88 on the New York Stock Exchange in early trading on Friday. LinkedIn, which is geared toward connecting professionals with prospective employers, raised its sales forecast for 2014 to $2.06 billion-$2.08 billion — below analysts' estimate of $2.11 billion. "We believe that Street expectations were running too high, and that LNKD is trying to level set those expectations," CRT Capital analysts wrote in a note. They cut their price target to on the stock to $225 from $235, citing a slightly lower earnings multiple as the company continues to invest heavily.
via Business News - Yahoo Finance http://ift.tt/1i682Nr
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