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Fly News Breaks for December 5, 2016
HCLP
Dec 5, 2016 | 07:19 EDT
As reported previously, Cowen analyst Marc Bianchi upgraded Hi-Crush Partners to Outperform from Market Perform citing the production cuts agreed to at last week's OPEC meeting. The OPEC decision will limit the downside for Hi-Crush, said Bianchi, who raised his estimates and is now 40-50% higher than consensus, leading to his upgrade. Bianchi raised his price target to $22 from $12 on Hi-Crush Partners shares.
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