Credit Suisse Starts Fairmount Santrol Holdings (FMSA) at Neutral

September 7, 2016 7:31 AM EDT
Get Alerts FMSA Hot Sheet
Price: $12.31 -2.22%

Rating Summary:
    12 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Credit Suisse initiates coverage on Fairmount Santrol Holdings (NYSE: FMSA) with a Neutral rating and a price target of $7.00.

James Wicklund commented, "We initiate coverage with a Neutral rating and a $7 target price. Our revenue estimates are above consensus based on our bullish frac sand demand outlook. But our EBITDA estimates are in-line with consensus. We expect resin coated sand demand to continue to wane (relative to other proppants), of which FMSA is the largest supplier."

For an analyst ratings summary and ratings history on Fairmount Santrol Holdings click here. For more ratings news on Fairmount Santrol Holdings click here.

Shares of Fairmount Santrol Holdings closed at $7.97 yesterday.

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