Market Overview

UPDATE: J.P. Morgan Initiates LinnCo LLC with Overweight Rating on Benefits of Growing MLP

Share:
Related
Morning Market Gainers
Benzinga's Top #PreMarket Gainers
The MnM Portfolio, May 2015: Ep. 3 - Healing The Portfolio With Healthcare (Seeking Alpha)

In a report published Wednesday, J.P. Morgan initiated coverage on LinnCo LLC (NASDAQ: LNCO) with an Overweight rating and $43.00 price target.

J.P. Morgan noted, “LNCO units represent a new, unique structure that is able to preserve the benefits of efficient MLP tax treatment within a C-Corporation wrapper, with limited tax drag. By generally avoiding the pitfalls associated with K-1s, partnership tax treatment (state filing requirements), and Unrelated Business Taxable Income (UBTI), LINE is able to widen the investor base to those who have not traditionally invested in MLPs. We believe LNCO's high yield and underlying growth offers a compelling proposition to dividend investors, especially versus other yield-oriented securities.”

LinnCo LLC closed on Tuesday at $37.00.

Latest Ratings for LNCO

DateFirmActionFromTo
May 2015Goldman SachsDowngradesNeutralSell
Apr 2015JP MorganMaintainsNeutral
Mar 2015UBSDowngradesNeutralSell

View More Analyst Ratings for LNCO
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Initiation Analyst Ratings

 

Related Articles (LNCO)

Around the Web, We're Loving...