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Goldman Sachs Upgrades Arch Coal Inc (ACI) to Neutral

May 24, 2012 6:56 AM EDT
Get Alerts ACI Hot Sheet
Price: $21.44 +0.14%

Rating Summary:
    15 Buy, 20 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Goldman Sachs upgraded Arch Coal Inc (NYSE: ACI) from Sell to Neutral with a price target of $8.00.

The firm said the risk/reward is more balanced as concerns about thermal volume cuts and its balance sheet is now mostly discounted in the stock.

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 $7.41 yesterday.


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