UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on U.S. Silica Holdings on Strong Q4, Growth Indications

In a report published Wednesday, Dahlman Rose reiterated its Buy rating on U.S. Silica Holdings

, and raised its price target from $19.00 to $28.00. Dahlman Rose noted, “We believe SLCA is well-positioned to take advantage of the increase in overall service intensity driving demand higher for its sand products. We are increasing our estimates to reflect a quicker-than-expected ramp in new projects, attributable to higher demand for the company's oil and gas proppants. SLCA should continue to benefit from its logistical competitive advantage and its strategy of expanding its transload capacity, which should rise to 40 by 2014 from the 16 that are currently active.” U.S. Silica Holdings closed on Tuesday at $21.62.