JP Morgan Sees Several Possible Catalysts Coming for Linn Energy, LinnCo. Holders
3:52p ET June 20, 2013 (Benzinga)
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).
ronharv: Amazing... You put up a positive article on Linn Energy and you get 3 thumbs down??? Must be shorts who don't like positives news or people who don't understand that "over-weight", "undervalued', "not overvalued" and "unique opportunity" are good things for LINE...