Global Hunter Securities Upgrades Arena Resources (ARD) to Buy After Exceptional Q3 Results
ARD Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Global Hunter Securities upgrades Arena Resources Inc. (NYSE: ARD) to Buy. Price target $48.
Global analyst says, "Arena Resources reported exceptional 3Q09 results. The company beat on both the top and bottom line, driven by strong commodity price realization and substantial cost savings. We are upgrading to Buy from Neutral while raising our price target from $40.00 to $48.00."
To see more analyst ratings on ARD Click Here.
Global analyst says, "Arena Resources reported exceptional 3Q09 results. The company beat on both the top and bottom line, driven by strong commodity price realization and substantial cost savings. We are upgrading to Buy from Neutral while raising our price target from $40.00 to $48.00."
To see more analyst ratings on ARD Click Here.
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