Morgan Stanley Has Positive Outlook on Anadarko Petroleum

by Benzinga Staff
March 5, 2014 10:06 AM | 26 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

In a report published Wednesday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $110.00 price target on Anadarko Petroleum (NYSE: APC).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.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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!

Posted In: Analyst ColorReiterationAnalyst RatingsEvan CalioMorgan Stanley

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.