Morgan Stanley’s European Equity Strategy team has published a new research note today on the energy sector, which displays the bank’s bullish outlook for energy stocks regardless of a low oil price.
The report considers the current valuation of energy stocks and concludes that even if oil prices rise no higher than $58 (Morgan’s target is for $62) by the end of the year, energy should see the highest earnings per share growth of any sector over the next three years.
Morgan: Even If Oil Remains <$51 Energy Stocks Will Outperform
Morgan’s equity analysts are bullish on the outlook for energy stocks...
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