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Fly News Breaks for June 16, 2016
EMES
Jun 16, 2016 | 16:17 EDT
DA Davidson analyst Sonny Randhawa, who double downgraded Emerge Energy Services to Underperform from Buy on June 13, said in a new note to investors published today that he believes the company needs at least $150M of liquidity to weather the next few quarters and that a "massive" equity issue may be its best long-term option. The analyst, who sees FOB mine pricing moving lower, not higher, reiterates an Underweight rating and our $5 price target on Emerge shares.
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