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UPDATE: Morgan Stanley Initiates Overweight on Midstream Petroleum Company; Repeatibility Drives Upside

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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.

Posted-In: Morgan StanleyAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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