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Morgan Stanley Sees Financial Plan On Track For Midstates Petroleum Company

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In a report published Thursday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating and $6.00 price target on Midstates Petroleum Company (NYSE: MPO).

In the report, Morgan Stanley noted, “At its Analyst Day, Midstates reaffirmed its commitment to reducing leverage while disclosing preliminary guidance for 2015 for lower spending YoY. MPO also highlighted its differentiated approach to the Miss Lime.”

Midstates Petroleum Company closed on Wednesday at $3.19.

Latest Ratings for MPO

DateFirmActionFromTo
Aug 2015Northland SecuritiesDowngradesOutperformMarket Perform
Dec 2014Societe GeneraleDowngradesBuyHold
Nov 2014Northland SecuritiesUpgradesMarket PerformOutperform

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

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