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


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

Jan 2018DowngradesOutperformIn-Line
Nov 2017MaintainsHold
Dec 2016UpgradesSellNeutral

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


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