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Fly News Breaks for May 20, 2015
ANR
May 20, 2015 | 13:07 EDT
Imperial Capital downgraded Alpha Natural to Underperform and reduced its price target to 40c from $1.50. The firm said Alpha can no longer access $750M in first lien basket now that the latest 12 month 1L secured leverage is greater than 2X and downgraded shares due to the significant deterioration in outlook.
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