Jefferies Downgrades U.S. Silica Holdings (SLCA) to Hold on Valuation

Jefferies downgraded U.S. Silica Holdings (NYSE: SLCA) from Buy to Hold with a price target of $19.00 on valuation.

The firm comments, "We downgrade SLCA on valuation (shares +40% since 9/30/12). We remain supportive of business fundamentals, including near and medium term growth prospects. However, to maintain our Buy rating at these levels we would have to get more aggressive with assumptions for capacity growth and SLCA's ability to retain 50%+ gross segment margins over the long term, which we are unwilling to do at this stage. $19 PT unchanged."

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 $19.21 yesterday.

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