UPDATE: Morgan Stanley Reiterates on Carbo Ceramics on Key Way to Play Conductivity Theme in 2014 and Beyond

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, Morgan Stanley analyst Ole Slorer reiterated an Equal-Weight rating on Carbo Ceramics (NYSE: CRR), and raised the price target from $73.00 to $123.00.In the report, Morgan Stanley noted, “As a provider of consumable proppants, CRR benefits in our view from the ongoing bifurcation in footage drilled relative to rig count growth. Additionally, we expect US onshore E&Ps to increase their focus on optimizing well results, and we see CRR's ceramic proppants benefitting.”Carbo Ceramics closed on Tuesday at $111.62.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!