Coverage of LinnCo (LNCO) is launched at several firms with neutral ratings (I, II, III), but UBS starts at Buy with a $41 target price. LNCO was created by Linn Energy (LINE) to convert LINE's K-1 distribution to a 1099 qualified dividend and expand its investor base to MLP-adverse clients, and to create another LINE currency to accelerate its acquisition-driven growth strategy.
Coverage of LinnCo (LNCO) is launched at several firms with neutral ratings (I, II, III), but...
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