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Snackman

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Snackman

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Friday, 09/30/2016 1:08:40 AM

Friday, September 30, 2016 1:08:40 AM

Post# of 259
Emerge Energy Services upgraded to Buy at Wunderlich
Sep 29 2016, 15:46 ET | About: Emerge Energy Services LP (EMES) | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]

Emerge Energy Services (EMES +0.2%) is upgraded to Buy from Hold with a $15 price target, lifted from $12, at Wunderlich, which believe the sand market should begin to show improvement in H2.

EMES has significantly improved its balance sheet and is developing and testing multiple sand technologies that could become lucrative and differentiated products going forward, the firm says.

While Wunderlich still believes distributions are not likely in the relative near future, the firm thinks EMES' investment potential has improved significantly as the positive catalysts play out.

http://seekingalpha.com/news/3211625-emerge-energy-services-upgraded-buy-wunderlich

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