UPDATE: Goldman Sachs Upgrades Alliance Resource Partners to Buy on Return Upside
Goldman Sachs upgraded Alliance Resource Partners (NASDAQ: ARLP) from Hold to Buy and maintains a $70.00 price target.
Goldman Sachs commented, "[W]e up ARLP to Buy given total return upside as its shares have underperformed on dividend concerns and the ‘risk-on' environment."
Alliance Resource Partners closed at $61.75 on Tuesday.
Latest Ratings for ARLP
|Oct 2015||Deutsche Bank||Maintains||Buy|
|Sep 2015||FBR Capital||Initiates Coverage on||Outperform|
|Jul 2015||Deutsche Bank||Upgrades||Hold||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.