Emerge Energy price target raised to $105-$112 from $80-$85 at Wells Fargo Wells Fargo increased its price target on Emerge Energy after conducting channel checks, as the firm says that the checks support its thesis that frac sand is likely to remain in tight supply through at least 2015. The firm believes that a number of positive catalysts could increase Emerge's distributions. Wells keeps an Outperform rating on the shares.
Emerge Energy sell-off a 'knee jerk reaction,' says Wunderlich Wunderlich calls the pullback in shares of Emerge Energy a "knee jerk reaction" to falling oil prices. After speaking with management, Wunderlich says it is "extremely convinced" Emerge can manage through the down cycle. It believes the company's business fundamentals remain strong and keeps a Buy rating on the stock with a $145 price target.