FBR & Co Initiates Coverage on Arch Coal (ARCH)
Analysts at FBR & Co initiated coverage on shares of Arch Coal (NASDAQ:ARCH) in a note issued to investors on Wednesday. The firm set an “outperform” rating and a $71.00 price target on the stock. FBR & Co’s price objective would indicate a potential upside of 15.80% from the company’s current price.
Arch Coal (NASDAQ:ARCH) opened at 61.31 on Wednesday. The company has a 50-day moving average of $3.85 and a 200-day moving average of $1.25. Arch Coal has a 52 week low of $0.04 and a 52 week high of $70.00.
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