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Fly News Breaks for October 13, 2016
CNX, ARCH
Oct 13, 2016 | 07:35 EDT
FBR Capital analyst Lucas Pipes added Arch Coal (ARCH) to his firm's Alpha Generator list in place of CONSOL (CNX). Arch is now the analyst's top pick in the Coal space. The stock is still trading at an attractive valuation on "reasonable" long-term coal price assumptions, Pipes tells investors in a research note. He raised his price target for the shares to $75 from $71 and keeps an Outperform rating on the name.
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