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Did Morgan Stanley raise its price target for InterOil to $165?

January 20th, 2010 · No Comments

Nope. Not yet at least..

The issue was first posted on theflyonthewall.com but they retracted it (although others claim it was utalso on briefing.com, which we can’t confirm. But we hear Morgan is still writing an update, so to be sure we’ll just have to wait.

Nevertheless, Morgan Stanley has a $115 price target and if the oil turns out to be commercial, they will raise it to it’s bull case of $165, as the main difference between their present target and the bull case is exactly a commercial oil find.

Tags: IOC