Linn Energy Cut to Underperform as Oppenheimer Sees Berry Deal 'Highly Unlikely'

Linn Energy (NASDAQ: LINE ) shares dropped nearly 7 percent Thursday after reporting its Q2 earnings. EBITDA for the quarter came in below consensus on weak production numbers. Oppenheimer has downgraded Linn Energy from Perform to Underperform Friday morning. The firm's Bernard Colson set a $23 price target. Colson called the