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Tuesday, May 13, 2008

Raaymond James upgrades Linn Energy to outperform from market perform. The boys at ray jimmies usually make good calls in the past.

3 comments:

fullplate8 said...

RJ is a little late to the party. I don't know if that is typical for them or not. If they usually are this conservative, it's probably a good sign that they finally recognized the value in LINN.

joewxman said...

how are they late to the party. The upgrade here at 22 is better than if they had done it at 35.

fullplate8 said...

They should have considered an upgrade last month when LINE presented at a couple of analyst conferences. The second presentation was just after the XTO Appalachian asset sale was annouonced. Virtually everything that came out in the earnings was predictable at that time. I just think RJ is conservative. That's why I think they are late.