Goldman Sachs Starts Linn Co, LLC (LNCO) at Neutral
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Price: $0.12 --0%
Rating Summary:
1 Buy, 3 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Rating Summary:
1 Buy, 3 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
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Goldman Sachs initiates coverage on Linn Co, LLC (NASDAQ: LNCO) with a Neutral. PT $44.00.
The firm comments, "While we are positive on Linn's flexible production program, highly hedged cash flows and low-risk asset base, we remain concerned about its natural gas liquid (NGL) exposure, high maintenance spending and reliance on the capital markets. We see long-term distribution growth of 3-5%, below the 5-6% we see for Energy MLPs."
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.
The firm comments, "While we are positive on Linn's flexible production program, highly hedged cash flows and low-risk asset base, we remain concerned about its natural gas liquid (NGL) exposure, high maintenance spending and reliance on the capital markets. We see long-term distribution growth of 3-5%, below the 5-6% we see for Energy MLPs."
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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