Citi Upgrades Arch Coal (ACI) and Peabody Energy (BTU) from Hold to Buy
More News related to ACI
- Arch Coal's Skyline Mine Earns Multi-State Safety Award for Third Consecutive Year
- Arch Coal (ACI) Receives Request for Additional Information Regarding the Jacobs Ranch Transaction
- Arch Coal Receives Request for Additional Information Regarding the Jacobs Ranch Transaction
- Arch Coal Joins National Carbon Capture Center
- Arch Coal's Black Thunder Mine Surpasses One Year, 2.5 Million Employee-Hours With Zero Lost-Time Safety Incidents
More News related to BTU
- Notable Analyst Rating Changes 7/1: YUM, TRW, MGA, MVL Upgraded; FRPT, NDAQ, BEAT, MYGN Downgraded
- Bank of America Resumes Coverage on Peabody Energy (BTU) with a Buy
- Peabody Energy Earns Good Neighbor Honor for Providing Energy Assistance to St. Louis Needy
- Peabody Energy and Shanxi Lu'an Mining Group Co., Ltd. Agree to Pursue Joint Development of Open-Cut Mine in Xinjiang
- Wyoming State Mine Inspector Honors Peabody Energy's Rawhide and Caballo Mines for Safety Excellence
Citi upgrades Arch Coal Inc. (NYSE: ACI) and Peabody Energy Corp. (NYSE: BTU) from Hold to Buy.
Coal benefits from structural change - Coal has benefited from structural change, with historically isolated/fragmented regional markets linking up and "going global." Mine shortfalls, transport constraints, thin stockpiles, and voracious BRIC-country demand suggest that this process has several years yet to run...Recent sell-off overdone - We see the recent 10-18% correction in the equities to be excessive, in response to a down-tick in European spot from records."
Citi also increases price target on ACI from $63 to $86 and on BTU from $69 to $105.
Arch Coal, Inc. is a coal producer in the United States. During the year ended December 31, 2007, the Company operated 18 active mines located in each of the low-sulfur, coal-producing regions of the United States.
Related Categories
UpgradesStocks Mentioned
+12.28
-0.05Related Entities
Sign 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!
