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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:52 EDTACI, ANRAlpha Natural, Arch Coal retreat after analyst downgrades
Two stocks declining despite today's market rally are coal miners Alpha Natural (ANR) and Arch Coal (ACI), which were both downgraded to Hold from Buy by research firm Jefferies. WHAT'S NEW: Alpha Natural and Arch Coal would both be significantly hurt by another large decline in natural gas prices, wrote Jefferies analyst Peter Ward in a note to investors earlier today. Natural gas prices could take another major hit, the analyst believes, while metallurgical coal prices are unlikely to spike higher, as they have in the past, Ward warned. He called the current price action in metallurgical coal "sluggish." WHAT'S NOTABLE: Bank of America Merrill Lynch recently cut its estimates and price targets on several coal miners, including Arch Coal and Alpha Natural. It also slashed its price target on another name in the sector, Walter Energy (WLT), to $2 from $8. The firm cited sinking met coal prices, oversupply, and falling marginal costs as reasons for its changes. Bank of America Merrill kept Underperform ratings on Arch Coal, Alpha Natural, and Walter Energy when it issued its note on March 20. PRICE ACTION: In mid-morning trading, Arch coal sank 3.6% to $4.50, while Alpha Natural fell 2.6% to $4.40.
News For ANR;ACI From The Last 14 Days
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April 17, 2015
18:12 EDTANRAlpha Natural receives NYSE notice of non-compliance
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06:46 EDTACI, ANRCourt looks poised to deny challenge to coal emissions rule, NY Times says
A federal appeals court seemed inclined to dismiss a lawsuit challenging the EPA's rule restricting carbon emissions from coal-fired power plants, The New York Times reported yesterday. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
April 13, 2015
10:00 EDTANROn The Fly: Analyst Downgrade Summary
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06:05 EDTANRAlpha Natural downgraded to Sell from Neutral at UBS
UBS downgraded Alpha Natural to Sell on expectations the company will become "more distressed" amid the slower recovery in coal and gas prices. The firm cut its price target for shares to 50c from $1.25.
April 10, 2015
16:20 EDTANRAlpha Natural unit receives imminent danger order from MSHA
On April 6, Mill Branch Coal Corporation, a subsidiary of Alpha Natural Resources, received an imminent danger order issued by the Mine Safety and Health Administration under section 107(a) of the Federal Mine Safety and Health Act of 1977 to the North Fork #6 Mine, located near Appalachia, Virginia. The order alleged that a miner was observed within the turning radius of a continuous mining machine while it was being trammed. The miner immediately removed himself from the location. MSHA had issued no citations or orders to the Mine for persons working alongside a continuous mining machine during the prior twelve months. No injuries occurred in connection with the alleged practice, and MSHA has terminated the order.

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