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.
Latest Ratings for CRR
|Jan 2016||GMP Research||Initiates Coverage on||Buy|
|Dec 2015||KLR Group||Initiates Coverage on||Hold|
|Nov 2015||Guggenheim Securities||Upgrades||Neutral||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.