UBS Starts Linn Co, LLC (LNCO) at Buy

November 21, 2012 7:52 AM EST
Get Alerts LNCO Hot Sheet
Price: $0.12 --0%

Rating Summary:
    2 Buy, 3 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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UBS initiates coverage on Linn Co, LLC (NASDAQ: LNCO) with a Buy. PT $41.00.

The firm comments, "LNCO's assets consist solely of limited partner interests in Linn Energy, LLC (LINE), a publicly-traded E&P MLP. Each LNCO share is backed one-for-one with a common unit of LINE, a relationship that is fixed. LNCO was created by LINE for two primary reasons: 1) to convert LINE's K-1 distribution to a 1099 qualified dividend and expand its investor base to MLP-adverse clients; and, 2) to create another LINE currency to accelerate its acquisition-driven growth strategy."

For an analyst ratings summary and ratings history on Linn Co, LLC click here. For more ratings news on Linn Co, LLC click here.

Shares of Linn Co, LLC closed at $37.07 yesterday.

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