Brean Murray Carret & Co. Downgrades James River Coal (JRCC) to Hold; Lowering Estimates on Higher Cost Outlook

Brean Murray Carret & Co. downgraded James River Coal (NASDAQ: JRCC) from Buy to Hold, removes $27 price target.

Brean analyst says, "Q2 EPS miss of below-the-line items...2011 guidance below expectations...In addition we are lowering our fair value estimate from $30 to $16...we are also decreasing our 2011-2012 EPS estimates (from $2.05 to $0.58 and $2.16 to $0.62, respectively)

For more ratings news on James River Coal click here and for the rating history of James River Coal click here.

Shares of James River Coal closed at $13.07 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Downgrades Korea Electric Power Corp. (015760:KS) (KEP) to Neutral
• JPMorgan Downgrades Computershare Limited (CPU:AU) (CMSQY) to Neutral
• JPMorgan Downgrades ASX Limited (ASX:AU) (ASXFY) to Neutral