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.
Latest Ratings for LINE
|Jun 2015||Morgan Stanley||Initiates Coverage on||Equal-weight|
|May 2015||Goldman Sachs||Downgrades||Neutral||Sell|
|Apr 2015||JP Morgan||Maintains||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.