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

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Wunderlich Securities initiates its coverage on Sandridge Mississippian Trust II (NYSE: SDR) 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.

Latest Ratings for SDR

DateFirmActionFromTo
Oct 2014Raymond JamesDowngradesUnderperformMarket Perform
Aug 2014Raymond JamesDowngradesMarket PerformUnderperform
Oct 2013RBC CapitalDowngradesSector PerformUnderperform

View More Analyst Ratings for SDR
View the Latest Analyst Ratings

 

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