International Coal (ICO) Gets Some Play On Goldman's Sector Call

May 4, 2009 10:33 AM EDT

Shares of International Coal Group, Inc. (NYSE: ICO) are popping today with Goldman Sachs upgrade of the American Coal Sector to Attractive. Shares are up 15% on heavy volume.

ICO wasn't specifically mentioned in the call, but it is getting a run-up on the group action which is up 9.7% as represented by sector ETF Market Vectors Coal ETF (NYSE: KOL).

Massey Energy Co. (NYSE: MEE) is leading the sector higher after Goldman added that stock to its Conviction Buy List.

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