Standpoint Research Downgrades Arch Coal (ACI)

Standpoint Research has downgraded shares of Arch Coal

. Standpoint analyst Ronnie Moas wrote that ACI "is now fairly valued at 2X book value, 46X trailing twelve months earnings, 23X estimates for 2010 and 10X speculative estimates for 2011 (that also equal peak earnings from 2008)." During today's trading session, ACI shares have gained 0.95% to $26.46. Arch Coal, Inc. is a coal producer in the United States. The Company sells coal to power plants, steel mills and industrial facilities. As of December 31, 2009, it operated 19 active mines at 11 mining complexes located in the United States.