Arch Coal Downgraded At HSBC (ACI)
Symbols: ACI
HSBC Securities downgraded shares of Arch Coal (NYSE: ACI) today from Overweight to Hold. The firm has a price target of $30 on the stock. This downgrade has taken a fairly hefty toll on Arch Coal (ACI) today, as the shares have declined 4.45% to $24.22. In the last three months, ACI has surged over 14%.
Arch Coal, Inc. is a coal producer in the United States. The Company sells coal to power plants, steel mills and industrial facilities. Arch Coal currently has a market cap of $3.94 billion.
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