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Fly News Breaks for February 24, 2017
SLCA
Feb 24, 2017 | 08:12 EDT
Noting that U.S. Silica plans to add 8M-10M tons of capacity over the next 18 months, SunTrust analyst Ken Sill expects the increased output to sell at attractive prices. He says that investors have been selling the stock irrationally and he recommends buying it on weakness. Sill raised his price target on the name to $75 from $72 and keeps a Buy rating on the stock.
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