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Fly News Breaks for June 15, 2016
HCLP
Jun 15, 2016 | 05:52 EDT
Raymond James analyst J. Marshall Adkins double upgraded Hi-Crush Partners to Strong Buy from Market Perform saying the company's balance sheet has been de-risked "substantially" following two equity offerings in the past three months. The analyst expects the proceeds to go towards repaying debt and providing additional liquidity. He has a bullish outlook for the U.S. sand industry and a $17 price target for the shares.
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