UPDATE: Morgan Stanley Reiterates Overweight Rating, Removes PT on LinkedIn Corp. Following MS 2014 TMT Conference

In a report published Tuesday, Morgan Stanley analyst Scott Devitt reiterated an Overweight rating on

, but removed the $250.00 price target. In the report, Morgan Stanley noted, “CEO Jeff Weiner presented at the MS 2014 Technology, Media & Telecom conference...LinkedIn profiles are evolving into living resumes with rich media capabilities that will enable users to index content, coursework, and certifications to their professional identity in addition to their background, relationships, and skills. LinkedIn networks will be boosted by better access to China's ~140MM professionals through the launch of its Simplified Chinese site last week, while an improved offering for students could offer an even larger opportunity than China (~180MM people). LinkedIn's 4 key knowledge assets – SlideShare, Groups, Pulse, and Influencers – reach approximately 80MM unique users per month, making it one of the largest business publishers on the Internet. LinkedIn's plans to open up publishing to all users in 2014 could accelerate content sharing by empowering more subject matter experts.” LinkedIn Corp. closed on Monday at $201.45.