JPMorgan Downgrades Arch Coal Inc (ACI) to Neutral
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Nomura Securities Cuts PT on Arch Coal (ACI) Post Q4; Sees Headwinds
February 6, 2013 8:48 AM ESTNomura Securities adjusted estimates and cuts its price target Arch Coal Inc (NYSE: ACI) from $6 to $5 following Q4 results.
Analyst Curt Woodworth comments, "High leverage and long path for PRB recovery are risks. We believe Arch Coal is facing difficult headwinds... More
Arch Coal (ACI) Misses Q4 EPS by 27c, Offers Outlook
February 5, 2013 7:47 AM ESTArch Coal, Inc. (NYSE: ACI) reported Q4 EPS of ($0.42), $0.27 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $968.2 million versus the consensus estimate of $997.55 million.
Company Outlook
Arch has established production targets for 2013, and expects sales from company-controlled operations of between 133 million and 144 million tons for the full year. Included in this range are projected sales of 8 million to 9 million tons of metallurgical coal. At expected volume levels, Arch is nearly 90 percent committed on thermal sales for 2013. Given the below-capacity production levels... More
