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MKM Partners analyst Rob Sanderson downgraded to"neutral" from "buy," citing indicators that suggest theforward trend for U.S. online job listings is downward and international pushis unlikely to offset a domestic decline, TheFly.com reported April 8.
The analyst also cut the price target on the company'sshares to $130 from $150.
While Sanderson believes the near-term risk-reward for theshares is not favorable, he remains positive on the professional network forthe long term.