Wells Fargo Upgrades Alliance Holdings (AHGP) to Market Perform; Valuation Call

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June 9, 2011 11:57 AM EDT
Get Alerts AHGP Hot Sheet
Price: $28.37 --0%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo upgraded Alliance Holdings (NASDAQ: AHGP) from Underperform to Market Perform. Valuation Range: $46-$48.

Wells analyst said, "Given ARLP's recent strong operating results, committed tons sold, favorable pricing environment and improving coal market fundamentals, distribution growth for the AHGP has become more visible. However, given the current valuation, we rate the units of AHGP as Market Perform...Our 2011 and 2012 DCF per unit estimates for AHGP remain at $2.37 and $2.81."

For more ratings news on Alliance Holdings click here and for the rating history of Alliance Holdings click here.

Shares of Alliance Holdings closed at $45.06 yesterday.

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