U.S. Silica upgraded to Equal Weight from Underweight at Barclays

Barclays analyst Derek Podhaizer upgraded U.S. Silica Holdings to Equal Weight from Underweight with an unchanged price target of $17. The analyst says the company has done an "admirable job stringing together a number of impressive quarters," characterized by earnings beats, both on margins and free cash flow, plus has delivered significant deleveraging to clean up the balance sheet. The firm views U.S. Silica’s 2023 EBITDA guidance for 20%-25% year-over-year growth as conservative.