Market Overview

UPDATE: Morgan Stanley Upgrades Carbo Ceramics to Equal-Weight

Share:
Related CRR
Mid-Day Market Update: Crude Oil Up Over 8%; American Eagle Shares Plummet On Weak Guidance
Mid-Morning Market Update: Markets Open Higher; Symantec To Acquire Lifelock

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 SecuritiesInitiates Coverage onBuy
Dec 2015KLR GroupInitiates Coverage onHold
Nov 2015GuggenheimUpgradesNeutralBuy

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!