LinnCo LLC Upgraded to Focus Stock by Howard Weil (LNCO)
LinnCo LLC (NASDAQ:LNCO) was upgraded by Howard Weil from a “sector outperform” rating to a “focus stock” rating in a research note issued on Wednesday, American Banking News reports. The firm currently has a $36.00 target price on the stock. Howard Weil’s target price would indicate a potential upside of 13.21% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of LinnCo LLC from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 13th. They now have a $36.60 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of LinnCo LLC from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $36.00 price target on the stock, up previously from $35.00. Finally, analysts at Raymond James upgraded shares of LinnCo LLC from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $37.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.21.
LinnCo LLC (NASDAQ:LNCO) opened at 31.80 on Wednesday. LinnCo LLC has a 1-year low of $23.03 and a 1-year high of $44.20. The stock has a 50-day moving average of $30.52 and a 200-day moving average of $29.93. The company has a market cap of $1.106 billion and a P/E ratio of 23.82.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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