Morgan Stanley Sees Support For Positive View of Cobalt International Energy

In a report published Thursday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $33.00 price target on

. In the report, Morgan Stanley noted, “Following the inaugural Analyst day, we marketed with CIE last week. The meetings confirmed our long-term positive view of the stock. Management has created significant asset value since inception with its superior exploration track record, and we think it has the capital and prospects to continue.” Cobalt International Energy closed on Wednesday at $18.78.