Morgan Stanley Considers the Possible Results of YPF SA's Acquisition of Apache Group Assets

In a report published Thursday, Morgan Stanley analyst Bruno Montanari reiterated an Overweight rating and $49.00 price target on YPF SA (NYSE: YPF).

In the report, Morgan Stanley noted, “Although the timing for an acquisition could be questionable due to the turmoil in Argentina's economy, the purchase of Apache's asset came at an attractive and accretive valuation. Accessing producing barrels and cash flow brings interesting upside for production & reserves for YPF in the ST.”

YPF SA closed on Wednesday at $25.49.