UPDATE: Morgan Stanley Initiates SemGroup with Overweight on More Balanced Risk/Reward

In a report published Wednesday, Morgan Stanley analyst Stephen J. Maresca initiated coverage on SemGroup Corp. (NYSE: SEMG ) with an Overweight rating and $62.00 price target. In the report, Maresca noted, “With our Diversified Natural Gas (i.e., C-Corp stocks) industry up ~20% YTD and EV/EBITDA and P/E multiples up