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Fly News Breaks for September 18, 2015
SLCA
Sep 18, 2015 | 06:53 EDT
RBC analyst Kurt Hallead downgraded U.S. Silica to Sector Perform and lowered his price target to $20 from $28. Hallead's team lowered its 2015/2016 Brent and WTI forecasts and expects a cycle recovery in North America to be pushed out beyond 2016. Given the environment, the analyst sees little upside to U.S. Silica's profitability due to lower activity and an oversupplied sand market.
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