After meeting with 15 private sand mines to discuss current business trends, Piper Jaffray analyst John Daniel raised his price targets to reflect improving fundamentals of the U.S. frac sand industry. The analyst "significantly" raised his 2017 volume expectations "given the consensus chatter from private peers who claim to be virtually sold out." Daniel upped his price target for Fairmount Santrol (FMSA) to $14.25 from $10, for U.S. Silica (SLCA) to $57 from $49 and for Smart Sand (SND) to $19.25 from $13.25. The analyst has Overweight ratings on the three names and a Neutral rating on CARBO Ceramics (CRR).