UPDATE: Morgan Stanley Initiates Overweight on Midstream Petroleum Company; Repeatibility Drives Upside
Morgan Stanley says in a recent note that it initiates its coverage on Midstream Petroleum Company (NYSE: MPO) with an Overweight rating and a price target of $20.
Morgan Stanley says, "MPO is well positioned as an onshore, high-growth, oily mid-cap producer with waterborne crude pricing matched by attractive relative valuation."
MPO closed at $14.92 on Monday.
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