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Enduro Royalty Trust (NDRO) gains 1.6% after Goldman starts coverage with a Buy and $24 PT. The...
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Tuesday, December 13, 2011, 9:18 AM ETEnduro Royalty Trust (NDRO) gains 1.6% after Goldman starts coverage with a Buy and $24 PT. The firm believes there's upside to resource estimates for Enduro's energy assets, and also likes its "yield-oriented, investor-friendly financial structure." Goldman estimates Enduro will generate over $2/share in 2012-2013 distributions, a level that implies an 11%-12% annual yield.
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