UPDATE: Dahlman Rose & Co. Initiates Coverage on Alliance Resource Partners
According to a research report published this morning, Dahlman Rose & Co. has initiated Alliance Resource Partners (NASDAQ: ARLP) with a Buy rating and $74 PT.
In the report, Dahlman Rose & Co. said, "Alliance is one of the largest thermal coal producers in the Illinois Basin and also has operations in Northern Appalachia and Central Appalachia. The company has a highly contracted book, allowing for a more stable earnings profile relative to other coal names, and also making it a stable issuer of a strong, growing distribution."
Alliance Resource Partners closed Friday at $56.67.
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