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Fly News Breaks for September 13, 2016
ACIIQ, ACI
Sep 13, 2016 | 09:07 EDT
JPMorgan analyst John Bridges upgraded Arch Coal to Neutral saying the company coal could exit its Chapter 11 bankruptcy proceeding by month end. With its "heavy debts," Arch is better positioned to compete in the U.S. coal sector, Bridges tells investors in a research note. He believes the company "will be a large player in the coking coal market." The analyst has no price target for the shares.
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