UPDATE: Brean Murray Carret Upgrades Alpha Natural Resources to Buy on Upside to Risk/Reward
Brean Murray Carret raises its rating on Alpha Natural Resources (NYSE: ANR) from Hold to Buy with a $15 price target.
Brean Murray Carret comments, "In our opinion, the fundamentals and outlook of the company and the met coal market did not materially change over recent weeks. What did change is the stock price, so that we now believe there is more upside to owning the shares."
ANR closed at $10.89 on Friday.
Latest Ratings for ANR
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 2015 | Goldman Sachs | Upgrades | Sell | Neutral |
| May 2015 | Credit Suisse | Initiates Coverage On | Underweight | |
| Apr 2015 | UBS | Downgrades | Neutral | Sell |
Posted-In: Brean Murray CarretAnalyst Color Upgrades Price Target Pre-Market Outlook Analyst Ratings
