Linn Energy (LINE) is initiated with a Buy rating and $42 target at Ladenburg Thalmann, which...

|About: Linn Energy IncA (LNGG)|By:, SA News Editor

Linn Energy (LINE) is initiated with a Buy rating and $42 target at Ladenburg Thalmann, which says LINE's current $2.90/unit annual distribution implies a 7.8% yield. The firm believes LINE is well positioned to increase its distribution over the next couple of years, with an estimated distributable cash flow coverage ratio of 1.2x during H2 2012 and 1.3x in 2013-14.