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UPDATE: Morgan Stanley Initiates Coverage On Whiting Petroleum Corp On Balanced Risk-Reward

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In a report published Monday, Morgan Stanley analyst Drew Venker initiated coverage on Whiting Petroleum Corp (NYSE: WLL) with an Equal-Weight rating and $104.00 price target.

In the report, Morgan Stanley noted, “We see balanced risk-reward given Whiting's relatively lower growth outlook and shallower inventory as it appears today. However, we believe accelerated growth guidance is possible in the next 12 months, and would be more positive in that scenario.”

Whiting Petroleum Corp closed on Friday at $87.66.

Latest Ratings for WLL

DateFirmActionFromTo
Jan 2021KeyBancMaintainsOverweight
Dec 2020KeyBancMaintainsOverweight
Dec 2020MKM PartnersInitiates Coverage OnBuy

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Posted-In: Drew Venker Morgan StanleyAnalyst Color Initiation Analyst Ratings

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StockFirmActionPT
SLGMorgan StanleyMaintains58.3
FASTMorgan StanleyMaintains49.0
EGHTMorgan StanleyMaintains35.0
CARMorgan StanleyMaintains44.0
BKMorgan StanleyMaintains50.0
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