Market Overview

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

Share:

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.

Latest Ratings for CRR

DateFirmActionFromTo
Jan 2018DowngradesOutperformIn-Line
Nov 2017MaintainsHold
Dec 2016UpgradesSellNeutral

View More Analyst Ratings for CRR
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ole SlorerAnalyst Color Price Target Analyst Ratings

 

Related Articles (CRR)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
WEEDCantor FitzgeraldMaintains18.9
TGTXCantor FitzgeraldMaintains19.0
SPLKCleveland ResearchDowngrades
IQVWolfe ResearchUpgrades
PRAHWolfe ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Morgan Stanley Examines HCA Holdings' Initial FY14 Guidance

UPDATE: Morgan Stanley Reiterates on Asbury Automotive Group on Elevated Expectations