UBS Starts LINN Energy (LINE) at Buy

UBS resumes coverage on LINN Energy (NASDAQ: LINE) with a Buy. PT $43.00.

The firm comments, "We reiterate our Buy rating and lift our price target to $43 on Linn Energy, LLC (LINE). With nearly 5.1 Tcfe of proved reserves, an approximate 18-yr reserve life, and geographic and commodity diversity, LINE’s asset profile sets it apart from peers and is a testament to its successful acquisition history. Following ~$2.4 billion of acquisitions year-to-date and the recent creation of LinnCo, LLC (LNCO), LINE boasts best-in-class operational size, scale, and financial c.apacity."

For an analyst ratings summary and ratings history on LINN Energy click here. For more ratings news on LINN Energy click here.

Shares of LINN Energy closed at $38.87 yesterday.

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