U.S. Silica (SLCA): Valuation Attractive Despite Estimate Cut - Cowen

Cowen analyst, Marc Bianchi, reiterated his Outperform rating on shares of U.S. Silica Holdings (NYSE: SLCA) and cut his price target to $40 from $60 after a transitory miss and guide slightly below 3Q cons. drove SLCA 800bps lower than the OIH.

The analyst sees little change to numbers near term, and nothing about 2Q materially changes
his view. However this is an opportunity to reset his out year estimates reflecting a lower margin scenario. Despite the lower ests, he believes valuation remains attractive.

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 $26.49 yesterday.

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