U.S. Silica downgraded to Hold from Buy at Jefferies Jefferies downgraded U.S. Silica citing the company's lack of progress in managing logistics and weaker than expected volumes of higher-grade sand. The firm lowered its price target for shares to $31 from $41.
News For SLCA From The Last 14 Days
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U.S. Silica price target raised ot $80 from $59 at Morgan Stanley Morgan Stanley raised U.S. Silica's price target to $80 and said it continues to be a top Overweight small-cap pick. The firm expects a multi-year frac sand shortage and for demand to nearly double in 2016 vs. 2013. The analyst believes industry capacity growth is being held back by distribution issues and believes U.S. Silica has strong logistic capabilities and pricing power.