Analysts: LinkedIn’s Growth Is Sustainable and 3 More Research Notes to Peruse
LinkedIn Corp. (NYSE:LNKD) After meeting with LinkedIn’s management, Cantor believes that the company’s double-digit growth will likely still be sustainable for several more years, with room for meaningful margin improvement; the firm keeps a $260 price target and Buy rating on LinkedIn stock.
Viacom Inc. (NYSE:VIA)(NYSE:VIAB): After Viacom reported stronger-than-expected fourth-quarter results, RBC Capital believes that the company’s fundamentals are accelerating; the firm expects the company’s multiple to expand in the future as a result of this process, and it finds the stock’s valuation attractive. RBC keeps an Outperform rating on Viacom stock.
Kellogg Co. (NYSE:K): Barclays downgraded Kellogg to Underweight from Equal Weight; the analyst believes that Kellogg’s investment in the announced Project K initiative, the sluggish cereal environment, and the challenging U.S. snacks market will limit Kellogg shares’ upside.
Splunk Inc. (NASDAQ:SPLK): Wedbush expects Splunk to report a significant third-quarter revenue upside as compared to the consensus and guidance when it reports on Thursday; the firm says its channel checks indicate Splunk is sustaining its momentum, and Wedbush reiterates its Outperform rating on the stock with a $69 price target.