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Cowen Downgrades LinkedIn (LNKD) to Market Perform; Strong Q4 Overshadowed by Weak Outlook
February 5, 2016 6:14 AM ESTCowen and Company downgrades LinkedIn (NYSE: LNKD) from Outperform to Market Perform and slashed its price target from $272 down to $140 following Q4 results and FY16 outlook issued Thursday night.
Analyst John Blackledge commented, LNKD's better 4Q15 was completely overshadowed by a much worse-than-expected '16 topline guide ~8% below est's into the print. Management. guidance implies a significant deceleration in... More
