Deutsche Bank Downgrades Alpha Natural Resources (ANR) to Hold; Higher Risks and Concerns

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January 17, 2012 8:09 AM EST
Get Alerts ANR Hot Sheet
Price: $0.24 --0%

Rating Summary:
    2 Buy, 11 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Alpha Natural Resources (NYSE: ANR) from Buy to Hold, price target chopped from $45 to $27.

Deutsche analyst says, "We are lowering ANR to Hold and Price Target to $27/share on sizable estimate cuts, above-average earnings risk, concerns over uncommitted volumes & cost 'creep', and product mix. ANR shares are currently trading at 4x 2013 EV/EBITDA (19% below the peer group average)."

For an analyst ratings summary and ratings history on Alpha Natural Resources click here. For more ratings news on Alpha Natural Resources click here.

Shares of Alpha Natural Resources closed at $20.19 yesterday.

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