Wunderlich Securities initiates its coverage on Sandridge Mississippian Trust II 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.
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