UBS Downgrades Arch Coal Inc (ACI) to Neutral
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Jefferies Downgrades Arch Coal Inc (ACI) to Hold
March 25, 2014 7:16 AM EDTJefferies 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... More
Walter Energy (WLT) EPS Estimates Reduced at Goldman Sachs
March 24, 2014 8:00 AM EDTGoldman Sachs maintained a Neutral rating on Walter Energy (NYSE: WLT) and lowered its price target to $9.00 (from $10.00). EPS estimates were also cut. The change follows a recent debt raise.
Analyst Neil Mehta said, "WLT raised $200 mn of senior secured debt due 2019 and $350 mn of second lien PIK toggle notes due 2020. The financing reduces... More
