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Linn Co, LLC Message Board

  • rlp2451 rlp2451 Jul 22, 2013 7:48 AM Flag

    Downgrade by Baird

    LinnCo downgraded to Neutral from Outperform at RW Baird
    Baird downgraded Linnco following the recovery in shares. Price target remains $34.

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    • stock was way oversold at 23.00........if you bought there, congrats. I bought at 31 initially and hedged at 23.40 or so and sold at 32 .75 doing just fine. Point is now you are gambling again, the bry deal is going to weigh on lnco and line until we get more clarity on the sec and with that more clarity on the deal. I am looking for another entry-point for a small position to start, anything under 31 would be a start for me....JMHO

    • since Baird upgraded LNCO 2 weeks ago, LNCO stock price has appreciated significantly so I presume Baird's feels the runup is over (Baird price target is 34, and it touched 33 on friday)

      BofA could well downgrade LNCO now price reached their price target of 32

      I'd be curious about what Baird and BofA think of the likelihood of the BRY deal going through (with LNCO at 32 and 1.25 sh LNCO/Sh BRY, this values BRY at ~40/sh which is where BRY price was before the merger announcement was made), especially in light of their price targets for LNCO

0.11970.0000(0.00%)May 23 4:00 PMEDT