In Wednesday’s Analysts’ Actions, TheStreet highlights positive notes on LinkedIn (LNKD) and GoPro (GPRO) as well as a coverage initiation on Cisco Systems (CSCO). Analysts at JPMorgan Chase issue noted on both LinkedIn and GoPro. LinkedIn was added to JPMorgan’s U.S. Equity Analyst Focus List as a growth strategy. The firm calls the professional networking site their ‘most actionable name’ in its coverage universe. Analysts kept their OVERWEIGHT rating and a $300 price target, and expects LinkedIn’s net ratio to improve through its second quarter. GoPro was issued a higher price target at JPMorgan. The firm raised its price objective to $75 while maintaining an OVERWEIGHT rating. Analysts believe the action camera maker’s pace of innovation ‘continues to gather momentum.’ And Cisco had coverage started by analysts at Nomura Securities. The firm issued a NEUTRAL rating with a $32 price target. TheStreet’s Kurumi Fukushima reports in New York.
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