Needham & Company Downgrades LinkedIn (LNKD) to Hold Following Takeover
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.
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Shares of LinkedIn closed at $192.21 yesterday.