LinkedIn Upgrade Helps Reverse Stock’s Downward Slide

By | February 26, 2014

Scalper1 News

LinkedIn (LNKD) stock had fallen 25% as of the start of this week since hitting its record high of 257 in September, and that decline made the stock undervalued. So says RBC Capital Markets, which on Wednesday upgraded its rating on the stock, on the view shares were undervalued. RBC analyst Mark Mahaney raised his outlook to outperform from sector perform, and raised his price target to 250 for the social networking site for professionals. Scalper1 News

Scalper1 News