Morgan Stanley Ups EPS Outlook for Anadarko Petroleum (APC)

Morgan Stanley Research has upped its 2010 outlook for Anadarko Petroleum Corporation (NYSE: APC). The research form now expects Anadarko to earn $2.89 per share versus the original estimate of $2.50 for 2010. The 2011 EPS estimate has been bumped up from $4.05 to $4.27. Both estimates are well above the market consensus.

Morgan Stanley currently rates Anadarko Petroleum Corporation as an 'equal weight' stock, but suggests no specific price target.