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Fly News Breaks for October 10, 2016
ACI
Oct 10, 2016 | 06:48 EDT
Stifel analyst Paul Forward initiated Arch Coal with a Buy and a $81 price target saying the company has emerged from bankruptcy at a time of sharply higher pricing for most types of coal in both the domestic and international markets. The analyst sees 2017 EBITDA improvement from stronger metallurgical coal markets, but said price trends are favorable in thermal coal as well.
News For ACI From the Last 2 Days
ACI
Apr 23, 2024 | 05:45 EDT
JPMorgan analyst Ken Goldman added Albertsons (ACI) to the firm's Analyst Focus List as a value idea and placed the stock on "Positive Catalyst Watch" following the fiscal Q4 earnings release. The "gap between the current share price and fair value is too wide," the analyst tells investors in a research note. The firm says its trimming of out-year estimates does not impair Albertsons' standalone value, which it estimates at $24 per share. JPMorgan continues to believe the stock's valuation discount to Kroger (KR) is too wide given the companies similarities. It also believes the probability that Albertsons gets bought has increased, given yesterday's announcement that additional stores and services will be sent C&S's way. The firm says the risk/reward for Albertsons stock "is becoming too appealing to ignore." It keeps an Overweight rating on the name with a $27 price target.