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Analyst downgrades LinkedIn

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Analyst downgrades LinkedIn

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.