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Fly News Breaks for October 24, 2018
SLCA
Oct 24, 2018 | 08:01 EDT
Wells Fargo analyst Christopher Voie lowered his price target for U.S. Silica to $18 from $24 after significantly weaker than expected Q3 results and Q4 guidance that reflect a much quicker than expected decline in proppant pricing across geographies. The analyst reiterates a Market Perform rating on the shares.
News For SLCA From the Last 2 Days
SLCA
May 1, 2024 | 06:31 EDT
SLCA
Apr 29, 2024 | 04:52 EDT
Stifel analyst Stephen Gengaro downgraded U.S. Silica to Hold from Buy with a price target of $15.50, down from $18, following Apollo's $15.50 per share bid to take the company private. While Stifel can't rule out another bid during the 45-day "go-shop" period, it is unwilling to recommend the shares based on the possibility a higher bid surfaces.
