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Fly News Breaks for April 11, 2018
SND, EMES, FMSA, SLCA
Apr 11, 2018 | 16:20 EDT
As previously reported, Goldman Sachs analyst Waqar Syed downgraded U.S. Silica (SLCA) to Neutral from Buy after he lowered his target multiple to reflect near-term peaking of frac sand margins and the prospects for frac sand price pressures beginning in the second half of this year. Syed lowered his price target on U.S. Silica to $31.50 from $37. He also lowered his price targets on frac sand peers Fairmount Santrol (FMSA), Emerge Energy (EMES) and Smart Sand (SND) to $3.75, $9 and $7.50, respectively.
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