Market Overview

UPDATE: Morgan Stanley Upgrades Carbo Ceramics to Equal-Weight

Share:
Related CRR
Mid-Afternoon Market Update: Dow Gains Over 250 Points; Catalyst Pharmaceuticals Shares Slide
Mid-Day Market Update: Dow Jumps Over 200 Points; Amazon Shares Down On Earnings Miss

Morgan Stanley raised its rating on Carbo Ceramics (NYSE: CRR) from Underweight to Equal-weight and raised its price target from $55 to $80.

Morgan Stanley noted, "As a consumable, ceramic proppant could be an attractive way to play structural bifurcation of footage drilled vs. rig count growth. 3Q appears to alleviate “doomsday” concerns driving the CRR short thesis, and we now expect multiple re-rating for the stock; raising our PT to $80 from $55."

Carbo Ceramics closed at $61.00 on Wednesday.

Latest Ratings for CRR

DateFirmActionFromTo
Jan 2016GMP ResearchInitiates Coverage onBuy
Dec 2015KLR GroupInitiates Coverage onHold
Nov 2015Guggenheim SecuritiesUpgradesNeutralBuy

View More Analyst Ratings for CRR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (CRR)

View Comments and Join the Discussion!