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

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.