Referenced Stocks

Analyst Actions: Linn Energy Coverage Reinstated With Neutral Rating, TP of $40 at Credit Suisse; Shares Nudge Higher

By MT Newswires,  November 21, 2012, 02:26:00 PM EDT

Credit Suisse has reinstated coverage of Linn Energy, LLC ( LINE ) with a Neutral rating and a price target of $40 a share.

"We believe LINE is best positioned to capitalize on a robust acquisition market given its track-record, strong hedges and unmatched access to capital.," said Credit Suisse. "However, LINE's ability to deliver consistent 5% annual distribution growth may be constrained by weak NGL prices and the need to reduce leverage, in our view."

LINE is up 0.05% to $38.89 in afternoon trade amid a 52-week range of $34.43 - $42.57.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LINE



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