JP Morgan Sees Several Possible Catalysts Coming for Linn Energy, LinnCo. Holders
JP Morgan analyst Alistair Meadows issued a note on Linn Energy (NASDAQ: LINE) and Linn Co. (NASDAQ: LNCO) Thursday morning, saying recent sell-offs in the stocks offers traders with a "unique opportunity." While Meadows called shares of Linn undervalued, he said shares of Linn Co. are not overvalued.
Meadows maintains Overweight ratings and $43 price targets on both companies.
The analyst is looking to the horizon for several catalysts: an initiation and sharp increase in the distribution and the close of the deal with Berry Petroleum (NYSE: BRY).
Shares of Linn Energy are up 0.8 percent at last check; shares of LinnCo are down 1.3 percent.
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