Zacks Investment Research downgraded shares of LinkedIn Corporation (LNKD) from NEUTRAL to UNDERPERFORM on February 28, 2014, with a target price of $194.00.
We downgrade our recommendation on LinkedIn to Underperform on dismal bottom-line performance in the fourth quarter of 2013. The company's revenue guidance was below the Zacks Consensus Estimate, which is likely to weigh on the shares. Margins are also expected to lag due to heavy investments in product innovations and marketing strategies. While we believe that investments in strategic products are necessary as LinkedIn faces growing competition in the professional networking space, it is going to impact near-term profitability.
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