Emerge Energy upgraded at Baird even after strong YTD run

|About: Emerge Energy Services LP (EMES)|By:, SA News Editor

Emerge Energy Services (EMES +5.6%) is upgraded to Outperform from Neutral with an $85 price target, up from $50, at Baird as EMES increases production capacity by almost 70%.

Baird sees substantial, high probability distribution growth potential from $110M in new facilities coming on-line from now through Q1 2015, which have under current sand pricing scenarios the ability to produce more than $10/unit in distributions. Despite an enormous run, firm sees further upside potential as mgmt increases production capacity by almost 70%.

Shares have surged 18% this week and 54% YTD.