UPDATE: Dahlman Rose Downgrades CARBO Ceramics to Hold on Import Pressures
Dahlman Rose reduced its rating on CARBO Ceramics (NYSE: CRR) from Buy to Hold.
Dahlman Rose commented, "We are downgrading CRR to Hold. We do not expect shares to rally again until Haynesville activity rebounds. While imports have decreased from record levels, they have been more resilient than we had initially expected and increased in 3Q12. Higher imports and recent price anecdotes increase EPS uncertainty."
CARBO Ceramics closed at $67.88 on Monday.
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