Jefferies lowered its estimates for sand providers saying "several factors" point to weaker than expected margins, including volume and pricing reductions. The firm's estimates are now "well below" consensus through 2017. Jefferies downgraded Hi-Crush Partners (HCLP) to Hold from Buy with a $26 price target and lowered its price target for Hold-rated U.S. Silica (SLCA) to $24 from $33 and for Hold-rated Fairmount Santrol (FMSA) to $7 from $10.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - U... To see the rest of the story go to thefly.com. See Story Here