UPDATE: Sterne Agee Initiates Coverage on CARBO Ceramics with Neutral Rating, $100 PT Awaiting Better Visibility

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In a report published Friday, Sterne Agee analyst Stephen D. Gengaro initiated coverage on CARBO Ceramics (NYSE: CRR) with a Neutral rating and $100.00 price target.In the report, Gengaro noted, “We are initiating research on CARBO with a Neutral rating and a $100 price target. While CRR maintains a leading position in the ceramic proppant market, we believe the shares will be range-bound until better visibility surfaces on both overall U.S. activity, and more important, high pressure, high temperature activity (i.e., Haynesville, Gulf of Mexico) activity.”CARBO Ceramics closed on Thursday at $87.10.

20-Year Pro Trader Reveals His "MoneyLine"

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