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Stock Market & Financial Investment News

News Breaks
June 24, 2014
09:03 EDTSLCAU.S. Silica to increase prices of Industrial and Specialty Products business
U.S. Silica Holdings said that its Industrial and Specialty Products business is increasing prices for the majority of its non-contracted ground and fine ground silica sand products used primarily in paints, coatings, elastomers, chemical, building products and other applications, an average of approximately ten percent. The increases are effective with shipments after July 15th or as contracts allow.
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August 28, 2014
09:04 EDTSLCAU.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.

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