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UPDATE: Goldman Sachs Downgrades Arch Coal to Sell on Fundamental and Strategic Challenges

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Goldman Sachs lowered its rating on Arch Coal (NYSE: ACI) from Neutral to Sell and reduced its price target from $7.50 to $5.

Goldman Sachs noted, "We lower ACI to Sell from Neutral, as we see shares as overvalued given fundamental and strategic challenges. We expect met coal guidance to be reduced. We see 22% downside to our $5.00 six-month multiples-based target price, down from $7.50, vs. 13% upside for the rest of coverage. We see shares as overvalued given a weak balance sheet/returns and strategic challenges."

Arch Coal closed at $6.64 on Monday.

Latest Ratings for ACI

DateFirmActionFromTo
May 2015Credit SuisseInitiates Coverage onUnderweight
Feb 2015Argus ResearchDowngradesBuySell
Feb 2015UBSMaintainsSell

View More Analyst Ratings for ACI
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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