U.S. Silica downgraded to Hold from Buy at Stifel

Stifel analyst Stephen Gengaro downgraded U.S. Silica to Hold from Buy with a price target of $15.50, down from $18, following Apollo’s $15.50 per share bid to take the company private. While Stifel can’t rule out another bid during the 45-day “go-shop” period, it is unwilling to recommend the shares based on the possibility a higher bid surfaces.