Alpha Natural Resources Upgraded by Citigroup Inc. to “Neutral” (ANR)
Alpha Natural Resources (NYSE:ANR) was upgraded by equities researchers at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company downgraded shares of Alpha Natural Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 9th. They now have a $7.00 price target on the stock, down previously from $9.00. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Alpha Natural Resources in a research note to investors on Tuesday, November 26th. They now have a $8.00 price target on the stock, down previously from $9.00. Finally, analysts at Howard Weil raised their price target on shares of Alpha Natural Resources from $8.00 to $10.00 in a research note to investors on Friday, November 15th. They now have a “sector outperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Alpha Natural Resources presently has an average rating of “Hold” and a consensus target price of $7.82.
Shares of Alpha Natural Resources (NYSE:ANR) opened at 5.30 on Friday. Alpha Natural Resources has a one year low of $4.78 and a one year high of $9.90. The stock’s 50-day moving average is $6.2 and its 200-day moving average is $6.34. The company’s market cap is $1.171 billion.
Alpha Natural Resources, Inc (NYSE:ANR) is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal.
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