Goldman Sachs Downgrades Arch Coal Inc (ACI) to Sell, Sees 16% Downside

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Goldman Sachs downgraded Arch Coal Inc (NYSE: ACI) from Neutral to Sell with a 6-month price target of $10 (down from $14), suggesting 16% downside.

The firm continues to see the most downside risk to 2012 EBITDA in the group given it still has highest percentage of unpriced Appalachia thermal and PRB coal. The stock also ens very unfavorably based on earnings growth vs. valuation, Goldman said.

For an analyst ratings summary and ratings history on Arch Coal Inc click here. For more ratings news on Arch Coal Inc click here.

Shares of Arch Coal Inc closed at $12.40 yesterday, with a 52 week range of $11.25-$36.99.

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