July 17, 2013
06:03 EDT LINE LINN Energy upgraded to Buy from Neutral at Goldman
Goldman believes Linn's risk/reward is attractive and concerns over its hedge accounting and maintenance capex are overdone. Price target is $36.
Would love to see the full report.
This is why GS and BAC (the old Lehman) have such superior records compared to the other bozo analysts -they have the brains and the confidence to go in, read the books and make their call. They can call the turn, not just jump on whatever bandwagon has momentum.
Be careful, I want LINE, LNCO to go up and get past the bear raid and Barron's campaign but with earnings coming up Goldman is notorious for setting everyone else up and themselves to make out. Like they didn't know in advance they were releasing this and the short term result.