U.S. Silica (SLCA) PT Lifted to $60 at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Vaibhav (Vebs) Vaishnav reiterated a Buy rating and boosted his price target on U.S. Silica Holdings (NYSE: SLCA) to $60.00 (from $54.00) on increased confidence in their 2014/15 Street-high EPS estimates.

On the road with CFO Don Merril the analyst noted very high investor interest. They are buyers of the stock despite the 42% YTD run-up given: (1) accelerating frac sand demand; (2) demand growth outpacing supply growth in 2014/2015; and (3) good potential for further price increases.

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 $48.36 yesterday.

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