Needham & Company Downgrades LinkedIn (LNKD) to Hold Following Takeover
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Price: $195.96 --0%
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
10 Buy, 30 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Needham & Company downgraded LinkedIn (NYSE: LNKD) from Buy to Hold after the company agreed to be acquired by Microsoft for $196/share.
"We expect the transaction to be consummated given the no solicitation clause and $725M termination fee," analyst Kerry Rice said.
For an analyst ratings summary and ratings history on LinkedIn click here. For more ratings news on LinkedIn click here.
Shares of LinkedIn closed at $192.21 yesterday.
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