LinkedIn Bumped Up on Big Quarter, Expedia and GoPro Get the Cut
LinkedIn was upgraded on a stellar quarter, while Expedia and GoPro had their price targets cut on disappointing forecasts in Friday's Analysts' Actions.
LinkedIn was upgraded on a stellar quarter, while Expedia and GoPro had their price targets cut on disappointing forecasts in Friday's Analysts' Actions. LinkedIn was upgraded to BUY from NEUTRAL at Bank of America. Expedia had its price target cut by $5 to $88 a share by Credit Suisse analysts. Earnings estimates were lowered due to aggressive online and offline marketing costs and analysts reiterated a NEUTRAL rating based on valuation. Citi slashed price targets for GoPro to $48 from $59. Despite a blowout quarter, the company offered weak earnings guidance based on increased research and development investment.
