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.
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