Jefferies Downgrades Arch Coal Inc (ACI) to Hold
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Price: $12.38 +3.34%
Rating Summary:
18 Buy, 17 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 17 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies downgraded Arch Coal Inc (NYSE: ACI) from Buy to Hold with a price target of $4.75 (from $8.00).
"In short, sluggish met coal prices and the threat of another bust in gas prices are too much for us to continue recommending the higher levered names of Arch and Alpha," analyst Peter Ward said.
The firm cut FY 2014 EPS from ($0.60) to ($0.80).
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 $4.69 yesterday.
"In short, sluggish met coal prices and the threat of another bust in gas prices are too much for us to continue recommending the higher levered names of Arch and Alpha," analyst Peter Ward said.
The firm cut FY 2014 EPS from ($0.60) to ($0.80).
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 $4.69 yesterday.
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