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Compass Minerals reports strong Q4 salt sales data, BB&T upgrades to Buy

Jan. 07, 2015 3:38 PM ETCompass Minerals International, Inc. (CMP) StockBy: Carl Surran, SA News Editor
  • Compass Minerals (NYSE:CMP +4.4%) is up sharply after reporting after yesterday's close that it sold ~4.3M tons of salt products in 2014, ahead of previous guidance of 4M tons, as strong pre-season demand for deicing products more than offset lower in-season demand resulting from below average snow activity in the company's core service areas.
  • BB&T upgrades shares to Buy from Hold but says the main reason is the benefit CMP should reap from lower oil prices in the form of shipping cost savings, which it thinks will help mitigate concerns about the sustainability of salt price gains and near-term free cash flow generation amid planned capex increases.

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