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Fly News Breaks for August 31, 2017
BTU, ARCH
Aug 31, 2017 | 06:42 EDT
JPMorgan analyst John Bridges upgraded Arch Coal (ARCH) to Overweight and raised his price target for the shares to $90 from $80. The company's U.S. domestic coal production and lower cost mines should benefit from the "higher-for-longer" coking coal prices, Bridges tells investors in a research note after his firm upped its coal price forecasts. The analyst also upped his price target for Overweight-rated Peabody Energy (BTU) to $37 from $35.
News For ARCH;BTU From the Last 2 Days
