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Arch Coal, Inc. (ACI) [hlAlert]

Rating:
Neutral ACI
up 1.03 %

Arch Coal, Inc. (ACI) downgraded to Neutral by HSBC Securities

Posted on: Monday,  Mar 15, 2010  8:25 AM ET by HSBC Securities

HSBC Securities rated Neutral Arch Coal, Inc. (NYSE: ACI) on 03/15/2010. Previously HSBC Securities rated Overweight Arch Coal, Inc. (NYSE: ACI) on
11/18/2009., when the stock price was $241.50. Since then, Arch Coal, Inc. has gained 1.04% as of 03/15/2010's recent price of $244.00.
If you would have followed the previous HSBC Securities's recommendation on ACI, you would have gained 1.03% of your investment in 117 days.

ASHLAND COAL, INC. is engaged in the mining, processing and marketing of low-sulfur bituminous coal. The Company sells its coal primarily to electric utilities in the eastern United States. The Company also exports coal, primarily to European customers.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2010 8:25 AM Hold
None
244.00
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  9.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2009 8:25 AM Buy
None
241.50 300.00
4/9/2008 9:25 AM Hold
None
523.70
1/18/2008 8:25 AM Buy
None
356.20 510.00

(*) Stock Price at the time of the recommendation.
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