UPDATE: Wunderlich Securities Initiates Sandridge Mississippian Trust II with Buy, $24 PT on High Yield

Wunderlich Securities initiates its coverage on Sandridge Mississippian Trust II

with a Buy rating and a price target of $24. Wunderlich Securities says, "We believe SandRidge is a solid investment for several reasons, including: it offers a relatively high yield and the distribution should increase over the next years; it has a parent with a history of strong operating results; and once the trust's hedges expire, there is potential upside to the targeted distribution payout if commodity prices increase." SDR closed at $20.59 on Tuesday.