UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Alpha Natural Resources on Adjusted EPS

In a report published Friday, Deutsche Bank reiterated its Hold rating on Alpha Natural Resources (NYSE: ANR), and slightly raised its price target from $9.00 to $10.00.

Deutsche Bank noted, “ANR reported 4Q adjusted EPS loss of $0.19, vs. DBe of $0.57 loss on better operating results, lower D&A and tax items. Also, adjusted EPS excluded $0.39/sh of M&A, UBB exps and other non-op charges. Following 4Q results, our EPS estimates are mostly unchanged as higher EBITDA is largely offset by non-operating items. Maintain Hold”

Alpha Natural Resources closed on Thursday at $9.67.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.