Global Hunter Securities Upgrades Arena Resources (ARD) to Buy After Exceptional Q3 Results
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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.
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