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Arch Coal  (NY: ACI)   modified Sept 15, 2008

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St. Louis-based Arch Coal is one of the nation’s largest and most efficient coal producers. In total, we contribute about 12% of America’s coal supply from our 11 mining complexes in Wyoming, Utah, Colorado, West Virginia, Kentucky, and Virginia.
   With more than 130 million tons of pro forma coal sales in 2007, we provided U.S. utilities with the fuel for roughly 6% of the nation’s electricity.
   We control a vast domestic reserve base totaling 2.9 billion tons. Of that total, 90% is low in sulfur and 80% meets the most stringent requirements of the Clean Air Act without the application of expensive scrubbing technology.

 

Recent News: Arch Coal, Inc. Reports Third Quarter 2008 Results

Arch Coal, Inc. Reports Second Quarter 2008 Results

 

Bill Selesky.....Argus Research….Oct 28, 2008

Maintained BUY

Target $82.00

ACI Price day before:$18.50Finish day posting$16.63Current $16.63

-------June 12, 2008--------

Maintained BUY

Target raised to $82.00 from $71.00

ACI Price day before:$71.54Finish day posting$68.85Current $16.63

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Ann Kohler .........Caris & Company….Oct 24, 2008

Maintained BELOW AVERAGE 

Target target reduced to $25.00 from $48.00 

ACI Price day before:$19.43Finish day posting$18.50Current $16.63

------Apr 25, 2008------

Downgraded to BELOW AVERAGE from AVERAGE 

Target $48.00 (Target Hit Sept 02, 2008)

ACI Price day before:$56.84Finish day posting$57.99Current $16.63

-------Feb 13, 2008--------

Maintained AVERAGE

Target raised to $48.00 from $36.00 (Target Hit)

ACI Price day before:$50.87Finish day posting$53.03Current $16.63

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Standard & Poor's….Oct 24, 2008

Maintained BUY 

Target $46.00 

ACI Price day before:$19.43Finish day posting$18.50Current $16.63

-----Aug 01, 2008-----

Upgraded to BUY from HOLD

Target $66.00

ACI Price day before:$56.31Finish day posting$54.21Current $16.63

--------July 02, 2008-----

Maintained HOLD

Target $79.00

ACI Price day before:$75.12Finish day posting$62.21Current $16.63

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Michael Dudas….Jeffries & Company….Sept 12, 2008

New BUY 

ACI Price day before:$37.94Finish day posting$40.91Current $16.63

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Robert Chewning….Sept 04, 2008

New NEUTRAL 

ACI Price day before:$43.89Finish day posting$43.18Current $16.63

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….UBS….Aug 21, 2008

Upgraded to BUY from NEUTRAL 

ACI Price day before:$52.37Finish day posting$56.59Current $16.63

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David Khani….Friedman, Billings, Ramsey  ......July 28, 2008

Maintained OUTPERFORM

Target reduced to $98.00 from $101.00 

ACI Price day before:$64.91Finish day posting$68.06Current $16.63

-------June 02, 2008------

Maintained OUTPERFORM

Target raised to $101.00 from $74.00 

ACI Price day before:$64.91Finish day posting$68.06Current $16.63

-------Apr 28, 2008--------

Maintained OUT PERFORM

Target raised to $74.00 from $72.00 (Target Hit June 06, 2008)

ACI Price day before:$57.99Finish day posting$57.47Current $16.63

-------Feb 04, 2008--------

Maintained OUT PERFORM

Target raised to $72.00 from $58.00 (Target Hit June 06, 2008)

ACI Price day before:$49.33Finish day posting$48.31Current $16.63

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John Kang….RBC Capital Markets  ......July 23, 2008

Maintained SECTOR PERFORM

Target raised to $72.00 from $38.00

ACI Price day before:$53.53Finish day posting$51.11Current $16.63

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Peter Ward….Lehman Brothers  ......July 09, 2008

Maintained OVERWEIGHT

Target raised to $100.00 from $75.00

ACI Price day before:$63.34Finish day posting$62.23Current $16.63

------Feb 05, 2008---------

Maintained OVERWEIGHT

Target raised to $70.00 from $47.00 (Target Hit June 05, 2008)

ACI Price day before:$48.31Finish day posting$47.39Current $16.63

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John Hill.....Citigroup….July 03, 2008

Upgraded to BUY from HOLD

Target raised to $86.00 from $63.00

ACI Price day before:$62.21Finish day posting$63.70Current $16.63

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Arch Coal, Inc. Reports First Quarter 2008 Results

Gordon Howald.....Calyon Securities  ….June 26, 2008

Target raised to $100.00 from $71.00

ACI Price day before:$70.01Finish day posting$71.36Current $16.63

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John Bridges.....JP Morgan….June 12, 2008

Downgraded to NEUTRAL from OVERWEIGHT

ACI Price day before:$71.54Finish day posting$68.85Current $16.63

-----------Feb 05, 2008---------

Upgraded to OVERWEIGHT from NEUTRAL

ACI Price day before:$48.31Finish day posting$47.39Current $16.63

******************

Hassan Ahmed .........HSBC   ….Apr 09, 2008

Downgraded to NEUTRAL from OVERWEIGHT 

ACI Price day before:$53.03Finish day posting$51.35Current $16.63

-------Jan 15, 2008--------

Maintained OVERWEIGHT

Target raised to $51.00 from $43.00 (Target Hit Feb 08, 2008)

ACI Price day before:$39.72Finish day posting$39.85Current $16.63

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