Morgan Stanley Has Positive Outlook on Anadarko Petroleum

In a report published Wednesday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $110.00 price target on

. In the report, Morgan Stanley noted, “APC made a convincing case/reminder that it is a premium E&P and, while a value unlock may be waiting for Judge Gropper's opinion, the operations are not. APC analyst day comments lead us to believe it will move to unlock significant NAV, identified at $140/sh, following a Tronox resolution.” Anadarko Petroleum closed on Tuesday at $86.03.