Barclays (NYSE:BCS) kept its rating on Linn Energy (Nasdaq:LINE) at "Overweight," noting the company continues to move along nicely.
The price target for Linn was increased from $30 to $33 a share.
"LINE continues to make progress in growing production and strengthening
distribution coverage ratios through a mix of acquisitions and drilling. Positive results from the Granite Wash could offer some upside to management's guidance later this year," said Barclays.
"We are revising our FY10 EBITDA/DCF per unit estimates to $4.80/$3.10 from $4.55/$2.95 and our FY11 EBITDA/DCF per unit estimates to $5.00/$2.90 from $4.60/$2.55."
Linn Energy closed Friday at $30.69, gaining $0.55, or 1.82 percent. Trading volume was below its 3-month average of 1,372,460.
1 comment:
I would like to exchange links with your site commoditysurge.blogspot.com
Is this possible?
Post a Comment