Fairmount Santrol upgraded to Buy at Jefferies following pullback

|By:, SA News Editor

Fairmount Santrol (FMSA +2.1%) bounces back a bit from yesterday's 16% plunge following disappointing Q4 results.

Jefferies upgrades shares to Buy from Hold with a $10 price target, saying it remains comfortable with medium-term frac sand industry supply and demand fundamentals, and that the 41% pullback over the past two weeks is an overreaction.

Other frac sand names are mixed in today's trade: SLCA +1.6%, HCLP +0.1%, EMES -0.7%, SND -2%.

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