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Fly News Breaks for October 10, 2016
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.
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