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LinkedIn Surges to Record Amid User Growth: San Francisco Mover

LinkedIn Corp., the biggest online professional-networking service, surged to a record high after analysts from Evercore Partners Inc. and Wunderlich Securites Inc. released bullish reports on the company’s growth prospects.

The shares climbed 6.8 percent to a record $168.55 at the close in New York. Evercore’s Ken Sena raised his price estimate to $200 from $160 and wrote in a research report today that LinkedIn could reach $280 within five years. Blake Harper at Wunderlich initiated coverage with a buy rating and a $195 target price.