UPDATE: Morgan Stanley Initiates Coverage on Superior Energy Services on Attractive Potential Upside

In a report published Friday, Morgan Stanley analyst Ole Slorer initiated coverage on Superior Energy Services (NYSE: SPN ) with an Overweight rating and $30.00 price target. In the report, Morgan Stanley noted, “Initiating coverage at OW. Using our 2015E EBITDA forecast 23% below consensus that does not discount a