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Fly News Breaks for March 17, 2016
SLCA
Mar 17, 2016 | 08:56 EDT
Cowen said U.S.Silica's stock offering is opportunistic in that it is not related to any balance sheet concern. The firm believes the company is looking to make a transformational acquisition, which would require more capital and that the company is being opportunistic with its offering. Cowen maintained its Outperform rating and $22 price target on U.S. Silica shares.
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