Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Cuts Arch Coal


Morgan Stanley cut Arch Coal (ACI) to equal-weight from overweight on Friday, explaining that the stock's shares have discounted much of their 2006-2007 earnings potential.

Analyst Wayne Atwell notd that Arch Coal's shares are up 84% year to date vs. 68% for its peer group. If the current strong pricing environment persists, Atwell thinks the upside might be available as investors look at the company's 2008 fundamentals. Atwell feels that the company's fundamental business performance outlook remains positive. He sees 97 cent 2005 earnings per share, $3.90 2006 earnings per share, and $4.74 2007 earnings per share.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus