UPDATE: JP Morgan Raises PT on LinkedIn from $85 to $98

J.P. Morgan has published a report on LinkedIn Corp LNKD raising the price target by $13. In the report, J.P. Morgan wrote, "LNKD 2Q11 results surpassed our estimates across the board, with higher revenue and profitability driven by solid user engagement metrics and a strong performance from the higher-margin online sales channel." J.P. Morgan maintained a Neutral rating on LinkedIn and raised the price target from $85.00 to $98.00. LinkedIn closed Thursday at $95.92.