Goldman Sachs Downgrades Arch Coal Inc (ACI) to Sell, Sees 16% Downside
Tweet
Share
E-mailGet Alerts ACI Hot Sheet
Price: $19.91 -0.15%
Rating Summary:
16 Buy, 20 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
16 Buy, 20 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- South Plains Financial Inc. (SPFI) Tops Q1 EPS by 6c
- The First Of Long Island (FLIC) Misses Q1 EPS by 3c
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
