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JP Morgan Sees Several Possible Catalysts Coming for Linn Energy, LinnCo. Holders

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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.

Latest Ratings for LINE

DateFirmActionFromTo
Mar 2016Goldman SachsTerminatesSell
Feb 2016Wells FargoDowngradesMarket PerformUnderperform
Feb 2016CitigroupDowngradesNeutralSell

View More Analyst Ratings for LINE
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

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