Goldman Sachs Downgrades Alpha Natural Resources (ANR) to Neutral
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Price: $5.67 -2.58%
Rating Summary:
8 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
8 Buy, 11 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade ANR Now!
Goldman Sachs downgrades Alpha Natural Resources, Inc. (NYSE: ANR) from Buy to Neutral, but raises their price target form $52 to $53.
The firm states, "We continue to like ANR's met and NAPP thermal coal assets, but believe a Neutral rating is appropriate, given the stock is already discounting $200/MT, limiting further upside vs. expectations."
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The firm states, "We continue to like ANR's met and NAPP thermal coal assets, but believe a Neutral rating is appropriate, given the stock is already discounting $200/MT, limiting further upside vs. expectations."
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