U.S. Silica (SLCA) PT, Estimates Raised Sharply at Jefferies

Jefferies analyst Brad Handler boosted estimates and his price target on Buy-rated U.S. Silica Holdings (NYSE: SLCA) to $82.00 (from $70.00) after the company raised 2014 adjusted EBITDA guidance.

Handler commented, "A successful analyst day accentuated SLCA's approach and ability to handle the growing complexity and optimization of the O&G business and laid out growth ambitions in clear terms. We raise estimates and our PT to $82 from $70, reflecting only identified expansion and retaining our modeling architecture, which incorporates some cyclicality (but a healthy terminal growth rate)."

The firm raised FY 2014 EPS from $2.15 to $2.30 and FY 2015 EPS from $3.65 to $3.90

For an analyst ratings summary and ratings history on U.S. Silica Holdings click here. For more ratings news on U.S. Silica Holdings click here.

Shares of U.S. Silica Holdings closed at $69.41 yesterday.

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