Brean Murray Upgrades Calgon Carbon Corp. (CCC) to Buy
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Brean Murray upgrades Calgon Carbon Corp. (NYSE: CCC) from Hold to Buy with a $14 price target. The firm said, "An excellent quarter, and another opportunity to accumulate shares at what we consider to be reasonable levels. Revenues and earnings per share came in much better than we anticipated, due to higher-than-expected margins in the Carbon & Service segment. Better pricing for activated carbon continues to flow through the income statement, and we believe the current margins are not only sustainable, but have the potential to expand further."
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