Morgan Stanley today maintained an Overweight Walter Energy (NYSE: WLT) with a price target of $47.00. Analyst Evan Kurtz sees huge upside in the stock and thinks shares could climb 200% even if the company announced an equity offering that increased share count by one-third, something management does not plan to due.
For an analyst ratings summary and ratings history on Walter Energy (NYSE: WLT) click here. For more ratings news on Walter Energy click here.
Shares of Walter Energy closed at $12.13 yesterday, with a 52 week range of $11.76-$48.99.
Morgan Stanley is up to their ears in beaucoup shares of Walter Energy - I mean they are buried in these shares in their own account - what else they gonna do - they issued a "BUY,BUY,BUY Rating" because they need this stock to go up because they are losing their shirts.