LINN Energy downgraded to Underperform from Perform at Oppenheimer Oppenheimer downgraded LINN Energy (LINE) to Underperform with a $23 price target after assuming coverage of the stock. Opco believes the acquisition of Berry Petroleum (BRY) is in jeopardy and notes that LINN's EBITDA missed expectations in Q2 due to weak production.
News For LINE;BRY;LNCO From The Last 14 Days
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Berry Petroleum stockholders advised to vote for merger agreement Berry Petroleum (BRY) announced that independent proxy voting advisory firm Institutional Shareholder Services has recommended that Berry stockholders vote for the proposed merger with LINN Energy (LINE) and LinnCo (LNCO).