Brean Murray Carret & Co. Downgrades James River Coal (JRCC) to Hold; Lowering Estimates on Higher Cost Outlook
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Price: $0.25 --0%
Rating Summary:
0 Buy, 3 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 15 | New: 36
Rating Summary:
0 Buy, 3 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 15 | New: 36
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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.
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.
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