UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Arch Coal
In a report published Monday, Deutsche Bank reiterated its Buy rating on Arch Coal (NYSE: ACI), and slightly raised its price target from $8.00 to $9.00.
Deutsche Bank noted, “3Q ok; +ve cost outlook; maintain Buy & up PT. ACI reported 3Q adj EPS loss of $0.05, vs. DBe and Street cons. of $0.14 loss and $0.17 loss, respectively. This adj EPS excluded the reversal of a legal contingency (25c). Following these results, our estimates are increased. Also, our PT goes to $9 and we maintain Buy on upside to PT & coal price leverage.”
Arch Coal closed on Friday at $8.09.
Latest Ratings for ACI
|Nov 2015||Sterne Agee CRT||Downgrades||Buy||Neutral|
|Oct 2015||JP Morgan||Downgrades||Neutral||Underweight|
|Aug 2015||Cowen & Co.||Downgrades||Outperform||Market Perform|
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