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Fly News Breaks for January 13, 2016
SLCA
Jan 13, 2016 | 09:00 EDT
SunTrust upgraded U.S. Silica based on its belief that frac sand demand will be significantly stronger than U.S. rig and well counts over the next couple of years. The firm says that U.S. Silica is facing several near-term headwinds and could drop further in the near-term. However, SunTrust is upbeat on the stock's longer term outlook, as it thinks the company will become the "go-to" name for investors once they become more bullish, potentially in the middle of this year. Target to $21 from $17.
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