UPDATE: Morgan Stanley Initiates Coverage on Frank's International Awaiting Better Entry Point

In a report published Thursday, Morgan Stanley analyst Ole Slorer initiated coverage on Frank's International NV (NYSE: FI ) with an Equal-Weight rating and $32.00 price target. In the report, Morgan Stanley noted, “Frank's International (FI) offers exposure to increased global drilling complexity. We see sustainable, long-term, high-single-digit organic top-line