Sterne Agee, Global Hunter Upgrade Arch Coal (ACI) Following Q2 Results

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July 30, 2012 7:32 AM EDT
Get Alerts ACI Hot Sheet
Price: $11.70 -3.07%

Rating Summary:
    18 Buy, 17 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 6 | New: 39
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Investors in Arch Coal (NYSE: ACI) are cheering Monday morning as two firms have upgraded the stock following Friday morning's Q2 results and the resulting 30 percent surge in the stock.

Sterne, Agee & Leach boosted the investment rating on Arch Coal from Neutral to Buy and maintained a $15 price target. An analyst at Global Hunter also upgraded the stock from Neutral to Buy.

Shares of Arch Coal are up nearly 7 percent to $7.26 at last check.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Arch Coal.

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